Stablecoin

A stablecoin is a type of cryptocurrency designed to keep a stable value, usually by being linked to a specific asset or basket of assets such as fiat money, commodities, or other cryptocurrencies. Its purpose is to reduce the price swings common in other cryptocurrencies. Stablecoins may keep their value through reserves, algorithms, or a mix of both, making them more useful for daily transactions and storing value.

It is a kind of cryptocurrency made to stay steadier in value than coins like Bitcoin, so it is easier to use for payments or saving.