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

Folkman and Herro’s plan to develop a “decentralized lending” product had been backburnered, and World Liberty shifted in a potentially more lucrative direction: the development of a dollar-pegged stablecoin called USD1.

From The Wall Street Journal

Like a savings account at a bank, stablecoin issuers take crypto traders’ dollars and put them into assets like U.S.

From The Wall Street Journal

The world’s largest stablecoin issuer, Tether, reported $10 billion in profit last year from its holdings.

From The Wall Street Journal

Instead, Binance deployed engineers to build the blockchain technology behind the stablecoin, the Journal previously reported.

From The Wall Street Journal

This move would set World Liberty up to earn about $80 million a year from Treasurys backing the stablecoin.

From The Wall Street Journal