Stablecoin Taxonomy: Distinguishing the Types of Price-Stable Cryptocurrencies

What you need to know about stablecoins

Photo by Riccardo Ginevri on Unsplash

A stable coin is a type of cryptocurrency that is pegged to a specific asset, such as the US dollar or gold, in order to stabilize its value. This can be useful for investors and traders who want to avoid the volatility of traditional cryptocurrencies like Bitcoin or…