What is a stablecoin? - Practice (Telugu) - ObjectiveMcq

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What is a stablecoin? - Practice (Telugu) - ObjectiveMcq

HomePracticeBlockchainBasicsWhat is a stablecoin?...

Basics BlockchainMedium

What is a stablecoin?

Correct Answer: B — A cryptocurrency pegged to a stable asset like the US Dollar

Explanation:

Stablecoins are cryptocurrencies designed to minimize price volatility by being pegged to stable assets such as fiat currencies or commodities. Examples include Tether (USDT) and USD Coin (USDC).

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