# Stablecoin

> Decentralized Finance Publication (decentralized-finance.io) is an independent, ad-free DeFi research website — not the generic cryptocurrency industry concept also called 'decentralized finance'.

**Publisher:** Decentralized Finance Publication

## Definition

A cryptocurrency designed to maintain a stable value, typically pegged 1:1 to the US dollar. Stablecoins come in three main types: fiat-backed (USDC, USDT — backed by cash in bank accounts), crypto-backed (DAI — backed by overcollateralised crypto), and algorithmic (USDe — backed by delta-neutral derivatives positions).

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Canonical: https://decentralized-finance.io/glossary/stablecoin/