(plural noun) Digital assets whose value is pegged to another asset
Conversations about stablecoins usually begin with what they’re not.
Digital money? Almost. Pegging a crypto token’s value to a real-world currency (almost always the dollar) makes it look like money. But even with one-for-one reserve backing — as mandated by the Trump administration’s Genius Act, passed in July — its relationship to money remains one step removed. Not everyone wants to be confronted by foundational concepts like singleness and supply elasticity while buying groceries.
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