stablecoin
noun
a kind of cryptocurrency, intended to have a more consistent value
What does stablecoin mean?
A stablecoin is a type of cryptocurrency designed to be stable, and maintain a consistent value, by being fixed to a traditional financial asset. Although many stablecoins are tied to the U.S. dollar, others are pegged to a different stabilizing factor, such as an algorithm, a commodity, or another cryptocurrency.
Examples of stablecoinÂ
Over $10 billion was moved through stablecoins in August for goods, services, and transfers, up from $6 billion in February and more than double the volume from August 2024.
—Judy Lagrou, Bloomberg, 25 Oct. 2025
Last month, Ardoino also confirmed that the company is planning to launch a stablecoin, which will be targeted at US institutions later this year.
—Because stablecoins are not backed by deposit insurance and stablecoin issuers do not have access to central bank liquidity, the quality and liquidity of their reserve assets is critical to their long-run viability.
—
Where does stablecoin come from?
Stablecoin emerged in the mid-2010s as cryptocurrency developers tried to create digital assets that could serve as reliable mediums of exchange (the first pegged stablecoin, BitUSD, appeared in 2014). The word is a portmanteau, combining stable (although it should be noted that stablecoins are not always stable) with coin (a common suffix for cryptocurrencies).
How is stablecoin used?
The word is not slang, although it is somewhat in the realm of jargon; stablecoin is most commonly used in financial and technological contexts.
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