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Stablecoins maybe privately issued cryptocurrency or algorithmic or “non-collateralized/decentralized” stablecoins such as DAI, an algorithmic stablecoin issued by MakerDAO.

Stablecoins differ from other cryptocurrencies because their value is linked to government-issued currency or “stable” assets (which can included cash, bonds, gold, or any number of assets even other cryptocurrencies.) Because of this link, stablecoins are generally considered to be less volatile in market fluctuations than other forms of cryptocurrency.

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