What is a stable coin?

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As someone that has extremely little understanding of blockchain technologies – how might someone dumb this right down for me?

Thank you 🙂

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2 Answers

Anonymous 0 Comments

It’s a cryptocurrency with a value pegged to some external reference (such as the US dollar) by some means such as an automatic exchange to a related cryptocurrency or an issuer who is willing to issue/buy enough of the currency to maintain that price.

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