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TABLE OF CONTENTSCRYPTOCURRENCY ALTCOINSStablecoins: Definition, How They Work, and TypesBy ADAM HAYES Updated July 06, 2023Reviewed by JULIUS MANSAFact checked by SKYLAR CLARINEWhat Are Stablecoins?Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less sui