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web3/concepts/stablecoin.md

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Stablecoin

A crypto asset that is pegged (currLency-peg) to a real world currency such as the dollar or euro. Stablecoins may be issued on multiple blockchain.

Stablecoins may be leverage against their deposits where the total value in circulation does not equal the assets held on behalf of customers. Such stablecoins are known as unbacked stablecoins.