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What is a stable coin?

What is a stable coin?

14 February 2020 zipmexteam Learn (en)

Stable coins are stable price cryptocurrencies. These coins are pegged against reserved assets like the USD, another cryptocurrency or exchange-traded commodities such as gold.

Unlike cryptocurrencies such as Bitcoin and Ethereum, which are volatile, stable coins remain stable. Many businesses and companies can, therefore, trade using stable coins as stability guarantees no price volatility.