Stablecoin

In a sentence

The trader moved funds into a dollar-linked stablecoin during the market downturn.

• The trader moved funds into a dollar-linked stablecoin during the market downturn.
• A stablecoin may be backed by reserves, overcollateralized assets, or an algorithmic mechanism.
• The issuer publishes reserve reports for its stablecoin.
• Merchants can accept a stablecoin to reduce exposure to the price swings of other crypto assets.
• The stablecoin briefly traded below its target value during a period of heavy redemptions.