What is a stablecoin?
a) A cryptocurrency with a fixed supply
b) A cryptocurrency pegged to a stable asset like the US dollar
c) A volatile cryptocurrency
d) A cryptocurrency used only for staking
Answer:
b) A cryptocurrency pegged to a stable asset like the US dollar
Explanation:
A stablecoin is a type of cryptocurrency that is pegged to a stable asset, such as the US dollar, to reduce volatility and provide a stable store of value.