This term is part of our Unit 25: Introduction to Cryptocurrency vocabulary list. Please note that pronunciations can vary slightly even in the same dialect.
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a cryptocurrency, whose sole purpose is to be pegged to a fiat pair, such as the US Dollar, thus providing a relative stability during times of crypto volatility.
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"There is some debate over whether stablecoins are really backed by fiat and aren't just used to artificially pump other crypto prices."