Alongside surging interests in bitcoin (BTC-USD) and the crypto space on 2024 highs, it may be confusing to understand all the terminology that comes with it. One of the top terms heard on Wall Street with crypto is stablecoin, which is a cryptocurrency with a value that is tied to that of another currency, commodity, or financial instrument.
Yahoo Finance Anchor Bradley Smith breaks down the term and everything you need to know about stablecoins.
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