Crypto trading · Rookie
Stablecoin
Also searched as: USDT, USDC
What does Stablecoin mean?
A stablecoin is a cryptoasset designed to track a reference value, commonly a fiat currency. Its ability to maintain that value depends on its structure, backing and redemption arrangements.
Example
A reward is paid in a dollar-referenced token rather than by bank transfer.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Check the token, network, conversion costs and redemption access. A price peg can deviate, so token units and received bank cash may differ.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.