stablecoin

noun

sta·​ble·​coin ˈstā-bəl-ˌkȯin 

plural stablecoins

: a cryptocurrency whose value is linked to traditional assets (such as government-issued currency like the U.S. dollar or commodities like gold) in order to reduce the market-value volatility characteristic of other digital currencies

Pakistan is actively moving toward launching a rupee-backed stablecoin and developing a digital currency.

—Bilal Hassan

Top U.S. financial regulators met on Monday to discuss stablecoins, asset-backed digital currencies that are exploding in popularity so quickly that the government is struggling to keep up …

—Jeanna Smialek

also : a unit of this currency

Another factor to consider is how easy it is to use your stablecoins for everyday purchases.

—Dominic Basulto

Word History

Etymology

stable entry 3 + coin entry 1

First Known Use

2015, in the meaning defined above