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HomeGlossaryStablecoin

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.

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Related Terms

Central Bank Digital Currency (CBDC)
It is a digital fiat currency issued by the central banks, contrary to cryptocurrency that issued by non-legislative party.
Hard fork
It is a permanent divergence of a blockchain into two blockhains. The original blockchain does not recognize the new version.
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
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