Stablecoins are cryptocurrencies whose values are pegged to something else of value such as a US dollar or gold.
Price stability and decentralized nature are the two main features of stablecoins.
The lack of high volatility in price is the major advantage that stablecoins have over other cryptos such as Bitcoin and Ethereum, and allows them to be used in the mainstream.
An example of a stablecoin is Tether, which claims that each coin is pegged to the US dollar. The coin has been subject to intense scrutiny after it refused third party audits.
Other examples of stablecoins are MakerDao's Dai, Havven, and Basecoin.
You may also read Bitcoin Maximalist
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.