Amid a collapse in the digital asset market in 2018, which saw bitcoin lose 80 per cent of its value, many investors have moved into stable coins, which have been described as the “holy grail” of cryptocurrencies. Photo: ShutterstockAmid a collapse in the digital asset market in 2018, which saw bitcoin lose 80 per cent of its value, many investors have moved into stable coins, which have been described as the “holy grail” of cryptocurrencies. Photo: Shutterstock
Amid a collapse in the digital asset market in 2018, which saw bitcoin lose 80 per cent of its value, many investors have moved into stable coins, which have been described as the “holy grail” of cryptocurrencies. Photo: Shutterstock

Cryptocurrency 101: What is a stable coin?

  • While conventional digital money like bitcoin is highly volatile, a stable coin is generally traded at a fixed price

Topic |   Digital currencies
Amid a collapse in the digital asset market in 2018, which saw bitcoin lose 80 per cent of its value, many investors have moved into stable coins, which have been described as the “holy grail” of cryptocurrencies. Photo: ShutterstockAmid a collapse in the digital asset market in 2018, which saw bitcoin lose 80 per cent of its value, many investors have moved into stable coins, which have been described as the “holy grail” of cryptocurrencies. Photo: Shutterstock
Amid a collapse in the digital asset market in 2018, which saw bitcoin lose 80 per cent of its value, many investors have moved into stable coins, which have been described as the “holy grail” of cryptocurrencies. Photo: Shutterstock
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