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Stablecoins

Description of stablecoins and their function, as well as types of stablecoins.

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Last updated 2 years ago

What is a stablecoin?

A stablecoin is a type of cryptocurrency that is pegged to a stable reserve asset like the U.S. dollar or gold. They allow users to avoid the volatility of non-pegged cryptocurrencies such as Bitcoin or Ethereum all the while maintaining all of the most important benefits of blockchain technology.

The following are the top 3 most popular stablecoins within the Ethereum Network.

USDC

USDT

DAI