Concepts

Stablecoin

A crypto pegged 1:1 to a fiat currency (mostly USD). Largest: USDT, USDC.

Category: Concepts Also known as: 5 Related terms: 2

Definition

A cryptocurrency designed to hold a stable value (typically $1) by being backed by fiat reserves or by algorithmic mechanisms. Used as cash-equivalent on crypto venues. USDT (Tether) ~$130B and USDC (Circle) ~$60B dominate; smaller: DAI, FDUSD.

Context anchor

USDT + USDC = ~80% of stablecoin market; daily volume often exceeds BTC's spot volume

Example

Treasurer monitors stablecoin (USDT, USDC) flows for sentiment signal

Also known as

stablecoinstablecoinsusdtusdctether