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Glossary

Stablecoin

A coin designed to hold a steady value.

A stablecoin aims to keep a steady value, usually pegged to a currency like the US dollar, so it avoids the volatility of most cryptocurrencies. It is often used to move value or park funds.

Stablecoins are generally not mined; they are issued against reserves or by a protocol. Mining produces the volatile coins you can then convert if you wish.

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