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

Circle Internet Group jumped 9.8% after S&P Global rated rival stablecoin Tether’s reserves as “weak” due to riskier assets.

From Barron's

S&P Global cut its rating of rival stablecoin issuer Tether to “weak” on Wednesday.

From Barron's

Earlier this year, Binance accepted a $2-billion investment from an Abu Dhabi-based investment firm to be paid in USD1, the dollar-linked “stablecoin” marketed by World Liberty.

From Los Angeles Times

Cantor Fitzgerald holds much of the assets that back tether, the world’s largest stablecoin, and holds a convertible bond that would entitle the firm to about 5% of the company known as Tether, The Wall Street Journal has reported.

From The Wall Street Journal

"If stablecoins are adopted widely, households may replace some of their bank deposits with stablecoin holdings," the economists said, with deposit outflows potentially "diminishing an important source of funding for banks and leaving them with more volatile funding overall".

From Barron's