Stablecoin
By CoinGecko | Updated on Mar 03, 2020
Stablecoins are designed to mimic commodity assets or fiat currency whilst exisiting as a cryptocurrency. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency.
Related Terms
KYC (Know Your Customer)
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.
IEO
Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves.
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
Graphical Processing Unit (GPU)
They are chips dedicated to graphics processing or floating point operations, allowing to lighten the workload of the processors during applications usage such as video games.
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