stablecoin

American  

[stey-buhl-koin] / ˈsteɪ bəlˌkɔɪn /

noun

1. a cryptocurrency designed to have a less volatile value than other cryptocurrencies, often accomplished by pegging its value to another asset such as a government-backed currency or gold.

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Etymology

Origin of stablecoin

First recorded in 2010–15; stable ² ( def. ) + coin ( def. )

Example Sentences

Nontraditional payment services from banks are backed by capital and deep liquidity; those from nonbank stablecoin issuers are backed by a new reserve-asset scheme that is not only unproven but also highly uncertain.

From Barron's

Terraform collapsed in 2022 when its TerraUSD cryptocurrency, a so-called algorithmic stablecoin, lost its peg to the dollar.

From The Wall Street Journal

These efforts allegedly hastened the downfall of Terraform after some aggressive trading firms used that information to trade against the stablecoin and its sister token, Luna.

From The Wall Street Journal

SoFi Technologies launches SoFiUSD, a dollar-pegged stablecoin, for commercial clients to enable near-instant, low-cost fund settlement.

From Barron's

The company announced Thursday that it was launching a dollar-pegged stablecoin called SoFiUSD.

From Barron's