Stablecoins
A stablecoin is a crypto token designed to hold a steady value, usually pegged 1:1 to a currency like the US dollar.
In depth
Fiat-backed stablecoins (USDT, USDC) hold cash and bonds in reserve for every token issued. Others use crypto collateral or algorithms to maintain the peg, with mixed track records. Stablecoins let traders park value without leaving the crypto ecosystem and are the main quote currency on most exchanges.
Why it matters
USDT is the backbone of trading on StableX — its peg and reserves matter directly to you.