Stablecoins are digital assets or currencies pegged to a stable reserve asset. They are designed to reduce volatility relative to unpegged cryptocurrencies and are useful as a medium of exchange.

To serve as a medium of exchange, a currency must remain relatively stable. In fiat currencies, volatility is usually limited. In cryptocurrencies, intraday volatility can be very high.

• Fiat-backed
• Crypto-backed
• Commodity-backed
• Algorithmic

• Tether (USDT)
• USD Coin (USDC)
• Maker (DAI)
• Digix Gold
• SwissRealCoin
• AMPL