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Blockchain & Web3
Q27 / 100
What is a "stablecoin"?
Correct! Well done.
Incorrect.
The correct answer is A) A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the US dollar
A
Correct Answer
A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the US dollar
Explanation
Stablecoins like USDC or USDT aim to minimize price volatility, typically by being backed by reserves of fiat currency or other collateral, useful for trading and payments.
Progress
27/100