What is a Stablecoin What Kinds of Stablecoins Are There?
A stablecoin is a cryptocurrency with a value that is "pegged" (meaning tied) to another asset, often a traditional fiat currency like the US dollar.
There are 4 main types of stablecoins, that are fiat-backed, commodity-backed, crypto-backed and algorithmic.
Tether, USD Coin, Binance USD, Dai, and TrueUSD are the top 5 stablecoins, Tether is the most widely used stablecoin and is pegged to the U.S. dollar.