technology medium true/false

Stablecoins are cryptocurrencies pegged to stable assets like fiat currency or commodities.

  1. True
  2. False

Answer: True

Stablecoins (USDT, USDC) maintain value via reserves or algorithms. Used for trading, remittances, DeFi. Regulatory focus: reserve transparency, redemption rights, systemic risk. Critical for crypto ecosystem understanding.

Topic Digital Currencies
Exam Relevance Banking, UPSC, SSC

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