USDC is a fully collateralized US dollar stablecoin. USDC is the bridge between dollars and trading on cryptocurrency exchanges. The technology behind CENTRE makes it possible to exchange value between people, businesses and financial institutions just like email between mail services and texts between SMS providers. We believe by removing artificial economic borders, we can create a more inclusive global economy.

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Tether tokens are referred to as stablecoins because they offer price stability as they are pegged to a fiat currency. This offers traders, merchants and funds a low volatility solution when exiting positions in the market.

All Tether tokens are pegged at 1-to-1 with a matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by Tether’s reserves.

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On the 19th of November, MakerDAO launched their new highly-anticipated, multi-collateral Dai (MCD). The next-gen version of the Dai stablecoin, its value is pegged to multiple assets which provides an even greater degree of stability for remittance and hedging.

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Terra is a stablecoin platform that uses open market arbitrage incentives and decentralized Oracle voting to create stablecoins that consistently track the price of any fiat currency. Luna is the network’s native staking token that absorbs the price volatility of Terra. Users stake Luna to validators who record and verify transactions in exchange for rewards.

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Stablecoins are Ethereum tokens designed to stay at a fixed value, even when the price of ETH changes.

Stablecoins are cryptocurrencies without the volatility. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. So you have access to stable money that you can use on Ethereum. How stablecoins get their stability.

Ethereum Foundation