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Glossary

What is a Stablecoin?

A Stablecoin is a type of cryptocurrency that is pegged to a stable asset, like a fiat currency, to reduce volatility.

What are Stablecoins used for?

Stablecoins are used for trading, payments, and as a store of value.

How can you understand Stablecoins in simple terms?

A Stablecoin is a digital coin tied to a stable asset like the US dollar to keep its value steady. They are used for trading and making payments without worrying about big price changes, providing a reliable way to handle transactions.

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Related terms (by category)

Smart Contract

Self-executing contracts with the terms of the agreement directly written into lines of code on a blockchain.

Sort Code

A number that identifies both the bank and the branch where an account is held, primarily used in the UK.

Staking

The process of holding tokens in a cryptocurrency wallet to support the operations of a blockchain network and receive rewards.

Related terms (by alphabet)

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Accessing corporate bank accounts has become more and more difficult over recent years, particularly for companies deemed to be medium or high risk.

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