stablecoin

English

Etymology

From stable +‎ coin.

Noun

stablecoin (plural stablecoins)

1. A cryptocurrency with price stability by design, often pegged to a stable asset such as the US dollar.
   • 2019 February 28, Nathaniel Popper, Mike Isaac, “Facebook and Telegram Are Hoping to Succeed Where Bitcoin Failed”, in The New York Times‎^[1], →ISSN:

     Several other companies have recently introduced so-called stablecoins, linked to the value of the dollar. JPMorgan Chase even said it was experimenting with the concept last month.

   • 2020, David Birch, The Currency Cold War, London Publishing Partnership, →ISBN, page 98:

     The first attempt to scale a stablecoin came from Maker. At the time of writing, there are about half a billion dollars worth of cryptocurrency tied up as collateral for this stablecoin—the Dai—whose value is pegged to the US dollar.

   • 2022 May 12, David Yaffe-Bellany, Erin Griffith, Ephrat Livni, “Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic”, in The New York Times‎^[2], →ISSN:

     But the meltdown gathered momentum this week when TerraUSD, a stablecoin, imploded. Stablecoins, which are meant to be a more reliable means of exchange, are typically pegged to a stable asset such as the U.S. dollar and are intended not to fluctuate in value.

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