Stablecoin
In short: A crypto asset designed to reference a specified value, often a fiat currency.
A crypto asset designed to reference a specified value, often a fiat currency. The design goal does not guarantee market price, liquidity or redemption access. Different designs depend on different issuers, reserves, collateral or mechanisms. A stable-value objective does not eliminate custody, network or market risk. In a swap comparison, a hypothetical one-to-one reference must be labeled as an assumption rather than treated as an assured execution price.