stablecoin

[ stey-buhl-koin ]

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.

Word History and Origins

Origin of stablecoin¹

First recorded in 2010–15; stable ²( def ) + coin ( def )

Example Sentences

Cryptocurrencies are headed to the moon, as Bitcoin’s all-time-high valuations shower blessings upon the broader virtual-asset sector, and as Trump’s own crypto venture promises to launch its own dollar-backed stablecoin.

From Slate

It’s known as World Liberty Financial, and evidently plans to market a crypto “stablecoin” — one with value linked directly to the U.S. dollar — to customers.

From Los Angeles Times

These proposed laws cover a wide range of topics within the cryptocurrency and blockchain space, addressing issues such as stablecoin standards and cryptocurrency mining.

From Salon

Backed by Tether Holdings, issuer of the Tether stablecoin and one of the most-profitable crypto firms, Northern Data has purchased more than $800 million worth of Nvidia equipment including the H100 chips that are now in high demand for generative AI applications.

From Seattle Times

More than 90% of stablecoin transaction volumes aren’t coming from genuine users, according to a new metric co-developed by Visa Inc., suggesting such crypto tokens may be far away from becoming a commonly used means of payment.

From Seattle Times