Learning the basics of Stablecoins

What is the definition of a Stablecoin?

Stablecoins are cryptocurrencies designed to minimise the volatility of the price of the stablecoin, relative to some “stable” asset or basket of assets. — Wikipedia

A price stable cryptocurrency whose market price is pegged to another stable asset. — Blockgeeks

A stablecoin is a type of cryptocurrency that is designed to maintain a stable market price. — Binance Academy

Why use stablecoins?

Types of Stablecoins

Fully backed or algorithmic — Jimmy Song

Fiat Collateralized, Crypto Collateralized, Non Collateralized — Blockgeeks

How stable are Stablecoins?

Specific Stablecoins

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