Stablecoin
A cryptocurrency pegged to the value of a fiat currency, usually the dollar (USDT, USDC, DAI ≈ 1 USD). Handy for storing value and transfers without price swings.
In more detail
Stablecoins (USDT, USDC, DAI) are the workhorse of exchange: the most directions with the best rate and reserve pass through them. They are handy for waiting out volatility without going into fiat. But the peg is not absolute: an issuer's problems can cause a depeg, so do not hold large sums in a single stablecoin without need.
