What is a Stablecoin?
Avalanche avatar
Written by Avalanche
Updated over a week ago

A stablecoin is a type of cryptocurrency that is designed to have a stable value. For it to be a Stablecoin, it is pegged to a specific asset or currency, such as the US dollar or gold, and aims to maintain a relatively constant value over time. This stability makes stablecoins a popular choice for financial markets wanting to use cryptocurrencies for transactions or store value without worrying about price volatility.

For any additional questions, please view our other knowledge base articles or contact a support team member via the chat button. Examples are for illustrative purposes only.

Did this answer your question?