Stablecoin

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Stablecoin is a cryptocurrency that is pegged to, or interchangeable with the value of an asset like gold or fiat currency.

History

The first stablecoin was Tether - originally called "Realcoin" - which launched in 2014. [1]

Classification of stablecoins

In general, stablecoins can be classified in three categories: off-chain collateralized, on-chain collateralized, and algorithmic. [2]

Off-chain collateralized stablecoins

On-chain collateralized stablecoins

Algorithmic stablecoins

Jax coin as a stablecoin

K-coefficient adjustment

Stablecoin adoption

See also

References