← Glossary

Crypto basics

What is Stablecoin?

A token whose value is usually pegged to 1 US dollar (e.g. USDT, USDC). Traders use it like cash.

It sits on an exchange like cash, so it should not be treated as a coin whose price jumps all day. It still depends on a company’s reserves, and the 1 dollar target can fail. Before sending, confirm the network is Ethereum, Tron or Solana.

Read next on this site

Related terms

For information only, not investment advice. Crypto assets are high risk.