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

Senators this week began to circulate a draft viewed as unfriendly to Coinbase and stablecoin issuer Circle Internet Group, helping to push shares of Coinbase down about 8% and Circle nearly 20% on Tuesday.

From Barron's

Circle Internet Group stock and other crypto plays fell sharply Tuesday after investors learned that a potential compromise to be included in a crypto market structure bill would ban rewards on stablecoin balances.

From Barron's

A Senate bill to regulate crypto is stalled over stablecoin yield issues, causing Coinbase shares to fall 8% and Circle nearly 20%.

From Barron's

Cathie Wood’s ARK Invest scooped up shares on the dip, and the stablecoin issuer also got endorsements from some of its fans on Wall Street.

From Barron's

To make matters worse, stablecoin rival Tether announced it had hired a Big Four accounting firm to complete its first full independent audit, adding to chatter about the company’s potential U.S. expansion.

From Barron's