See original
Binance Academy
--
What is a stablecoin?
Summary
A stablecoin is a digital asset linked to another asset such as a local currency or precious metals.
Stablecoins are designed to maintain a relatively stable price so users can avoid the volatility risks common in cryptocurrency markets.
There are three types of stablecoins: backed by the approved local currency, backed by cryptocurrencies and algorithmic.
A stablecoin is a digital asset linked to another asset such as a local currency or precious metals.
Stablecoins are designed to maintain a relatively stable price so users can avoid the volatility risks common in cryptocurrency markets.
There are three types of stablecoins: backed by the approved local currency, backed by cryptocurrencies and algorithmic.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0
Quote 1