stablecoin
Word Rarity
Very rare
Frequency: Zipf frequency 1.60 in modern English
14
Scrabble Score
10
Letters
3
Syllables
10
Unique Chars
Meaning
noun
A cryptocurrency with price stability by design, often pegged to a stable asset such as the US dollar.
Example Sentences
- "Several other companies have recently introduced so-called stablecoins, linked to the value of the dollar. JPMorgan Chase even said it was experimenting with the concept last month."
- "The first attempt to scale a stablecoin came from Maker. At the time of writing, there are about half a billion dollars worth of cryptocurrency tied up as collateral for this stablecoin—the Dai—whose value is pegged to the US dollar."
- "So investors buy stablecoins not to make a profit but instead as a place to store money within the cryptocurrency infrastructure and to use when buying and selling other crypto assets. […] The first stablecoin was created in 2014 to help facilitate transactions in the crypto system because at the time, banks were reluctant to give accounts to crypto companies, McKeon said."
- "But the meltdown gathered momentum this week when TerraUSD, a stablecoin, imploded. Stablecoins, which are meant to be a more reliable means of exchange, are typically pegged to a stable asset such as the U.S. dollar and are intended not to fluctuate in value."
- "Until six months ago, stablecoins were a niche pursuit, used mostly in crypto trading and criminal activity."
Etymology
Etymology tree Proto-Indo-European *steh₂- Proto-Indo-European *-éh₁ti Proto-Indo-European *-yeti Proto-Indo-European *-éh₁yeti Proto-Indo-European *sth₂éh₁yeti Proto-Italic *staējō Proto-Italic *staēō Proto-Indo-European *-dʰlom Proto-Italic *-ðlom Proto-Italic *-ðlis Proto-Italic *staðlis? Latin stabilisbor. Old French estable Anglo-Norman stabelbor. Middle English stable English stable Latin cuneusder. Old French coinbor. Middle English coyn English coin English stablecoin From stable + coin. From being backed by “stable” real-world assets.