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Stablecoin
A stablecoin is a cryptocurrency whose price in fiat currency aims to be stable.
Such a cryptocurrency can achieve its stability by different mechanisms: collateralization of each stablecoin with fiat currency or a basket of assets, algorithms, etc.
Since 2024, in the European Union, the MiCA Regulation has created categories of cryptocurrency that resembles what a stablecoin can be: Asset-Referenced Tokens (ARTs) and Electronic Money Tokens (EMTs).
The most famous stablecoins are Tether (USDT), USD Coin (USDC) and MakerDAO (DAI).
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