A traditional stablecoin can be backed by fiat, or it can be non-collateralized. A stablecoin will remain constant in price, as it is a representation of a known amount of an asset.Currently, there is an explosion of stablecoin projects.
Stablecoins are unlike conventional cryptocurrencies because they do not have a limited supply or fixed schedule. Instead, they are disbursed based on market conditions and economics.
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