$USDC A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset like a fiat currency (e.g., USD, EUR) or commodities (e.g., gold). Unlike volatile cryptocurrencies like Bitcoin and Ethereum, stablecoins aim to provide price stability, making them useful for transactions, remittances, and as a store of value. They are typically backed by reserves (fiat-backed), controlled by algorithms (algorithmic stablecoins), or collateralized with other cryptocurrencies (crypto-backed). Popular examples include Tether (USDT), USD Coin (USDC), and DAI. However, concerns about regulation, transparency, and reserve management continue to be key topics in the stablecoin market.