What are algorithmic stablecoins? Stablecoins are cryptocurrencies designed to hold a certain value relative to something else; typically a fiat currency such as the U.S. Dollar. Because stablecoins are pegged to an expected and stable value, investors or traders often use them to stay in crypto markets while protecting themselves against market price volatility. The majority of stablecoins aim to achieve their peg using some sort of collateral mechanism. Circulating stablecoins are backed by...