Stablecoins are cryptocurrencies designed to maintain a stable value relative to a particular asset or basket of assets. They can be pegged to fiat currencies, such as the U.S. dollar or euro, or to other assets like gold or commodities. Algorithmic stablecoins, on the other hand, use a complex set of algorithms to maintain their stability, without necessarily being backed by any underlying asset. These stablecoins rely on various mechanisms, such as issuing new tokens or burning existing tok...

Stablecoins are cryptocurrencies designed to maintain a stable value relative to a particular asset or basket of assets. They can be pegged to fiat currencies, such as the U.S. dollar or euro, or to other assets like gold or commodities. Algorithmic stablecoins, on the other hand, use a complex set of algorithms to maintain their stability, without necessarily being backed by any underlying asset. These stablecoins rely on various mechanisms, such as issuing new tokens or burning existing tok...