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- A stablecoin is a type of cryptocurrency that is pegged to a fiat currency, a commodity, or another cryptocurrency to reduce price volatility12.Some examples of stablecoins are12:
- Tether (USDT) and USD Coin (USDC), which are U.S. dollar stablecoins.
- PAX Gold (PAXG), which is a gold-backed stablecoin.
- Dai (DAI), which is a crypto-backed U.S. dollar stablecoin.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Here are a few prominent examples of stablecoins:
- Tether is a U.S. dollar stablecoin. ...
- USD Coin is a U.S. dollar stablecoin and the first cryptocurrency chosen by Visa ( NYSE:V) for settling transactions.
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