Stable coin is another type of cryptocurrency, where the value of the cryptocurrency is pegged to another asset, such as fiat currency or precious metal. The largest stable coin in the market is Tether. There are about $4 billion worth of Tether in circulation. Tether is pegged to the U.S. dollar, at a value of exactly $1.00. Facebook’s Libra cryptocurrency is another stable coin, which will also be pegged to the U.S. dollar.
Sven Franssen