PoliticsJuly 4, 2026
stablecoin
/ˈsteɪbl.koɪn/
Definition
A type of cryptocurrency designed to maintain a consistent value by being pegged to a stable external asset, such as the U.S. dollar.
Etymology
A compound word derived from 'stable' (from Old French 'estable,' meaning fixed or steady) and 'coin' (from Old French 'coing,' meaning a wedge or die for stamping metal). It reflects the modern intersection of traditional financial stability mechanisms with digital currency technology.
In the news
The article describes how World Liberty Financial launched a stablecoin that received a massive investment from a U.A.E. firm, shortly before President Trump signed legislation promoting the asset class.
The Key Ways Trump’s Financial Interests Intersect With Government Policy
Read the full article ↗The New York Times