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What is a stablecoin?

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A stablecoin is a type of cryptocurrency that is designed to have a stable value by being pegged to a specific asset, such as a fiat currency like the US dollar or a commodity like gold. This stability is achieved through various mechanisms such as collateralization, algorithmic adjustments, or reserve backing. Stablecoins are often used as a reliable store of value and a medium of exchange within the volatile cryptocurrency market.
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A stablecoin is a type of cryptocurrency that is designed to have a stable value by being pegged to a reserve asset, such as a fiat currency like the US dollar or a commodity like gold. This stability is intended to reduce the volatility typically associated with other cryptocurrencies like Bitcoin or Ethereum.

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