Stablecoin
A cryptocurrency designed to maintain a fixed value (typically 1:1 with the US dollar) by holding reserves in cash, Treasuries, or other dollar-denominated assets. Used primarily for crypto-market liquidity and on-ramps/off-ramps, not as an investment. USDC (Circle, fully-reserved) and USDT (Tether, partially-disclosed reserves) are the two largest. Algorithmic stablecoins (UST/Terra) failed catastrophically in 2022 by design; reserve-backed stablecoins have survived but face evolving regulatory frameworks.
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Related terms
Absorption Rate · AFFO per Share · Allowed Return on Equity · Alternative Investments · Anchor Tenant · Assets Under Management
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