← DeFi glossary
Glossary · S
Stablecoin
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).
Last updated