What Are Stablecoins And How Do They Work?

what are stablecoins

A stablecoin is a cryptocurrency pegged 1:1 to an external asset class, such as fiat or gold, to maintain a stable price. They were created as an alternative to popular cryptocurrencies such as Bitcoin due to the latter’s extreme volatility, which limits its utility as a mode of payment.

What Is USDC? The Stablecoin That Did It Right


USDC offers detailed financial and operational transparency, operating within the regulated framework of US money transmission laws. In addition, CENTRE has initiated partnerships with established banking institutions and auditors.