stablecoin

English

Etymology

From stable +‎ coin, from being backed by “stable” real-world assets.

Noun

stablecoin (plural stablecoins)

  1. A cryptocurrency with price stability by design, often pegged to a stable asset such as the US dollar.
    • 2019 February 28, Nathaniel Popper, Mike Isaac, “Facebook and Telegram Are Hoping to Succeed Where Bitcoin Failed”, in The New York Times‎[1], →ISSN, archived from the original on 1 March 2019:
      Several other companies have recently introduced so-called stablecoins, linked to the value of the dollar. JPMorgan Chase even said it was experimenting with the concept last month.
    • 2020, David Birch, The Currency Cold War, London Publishing Partnership, →ISBN, page 98:
      The first attempt to scale a stablecoin came from Maker. At the time of writing, there are about half a billion dollars worth of cryptocurrency tied up as collateral for this stablecoin—the Dai—whose value is pegged to the US dollar.
    • 2021 October 27, Jeanne Sahadi, “How stablecoin is different than other cryptocurrencies … and how it’s not”, in CNN Business‎[2]:
      So investors buy stablecoins not to make a profit but instead as a place to store money within the cryptocurrency infrastructure and to use when buying and selling other crypto assets. […] The first stablecoin was created in 2014 to help facilitate transactions in the crypto system because at the time, banks were reluctant to give accounts to crypto companies, McKeon said.
    • 2022 May 12, David Yaffe-Bellany, Erin Griffith, Ephrat Livni, “Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic”, in The New York Times‎[3], →ISSN, archived from the original on 13 May 2022:
      But the meltdown gathered momentum this week when TerraUSD, a stablecoin, imploded. Stablecoins, which are meant to be a more reliable means of exchange, are typically pegged to a stable asset such as the U.S. dollar and are intended not to fluctuate in value.
    • 2025 July 5, Philip Stafford, Akila Quinio, “Stablecoins begin to enter the mainstream with backing from Trump administration”, in FT Weekend, page 11:
      Until six months ago, stablecoins were a niche pursuit, used mostly in crypto trading and criminal activity.

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