Stablecoin
A cryptocurrency designed to hold a steady value against a reference like the US dollar, used to pay and settle without crypto price volatility.
- glossary
A stablecoin is a cryptocurrency designed to maintain a stable value relative to a reference asset — most commonly the US dollar. Major examples include USDC (Circle), USDT (Tether), and DAI (MakerDAO). Stablecoins are widely used to pay for tokenized domains and to settle marketplace transactions because they remove the price-volatility risk that buying with ETH or BTC introduces between listing and settlement. Different stablecoins use different backing models — fully fiat-reserved (USDC), overcollateralized crypto (DAI), or algorithmic (a category with a troubled history, e.g., the Terra/Luna collapse). Read What Are Stablecoins? for the deeper dive.
Related keywords
- stablecoin
- USDC
- USDT
- DAI
- fiat-pegged
- crypto payment
- on-chain dollars
Contributors
Namefi is a collective of engineers, designers, and operators who obsess over building tools that make managing your onchain domain names effortless.
Victor Zhou is a technology founder and standards editor focused on digital identity and trust. He founded Namefi, edits Ethereum Improvement Proposals, and previously led smart-contract architecture work at Google Labs.
His work sits at the intersection of naming, ownership, and the systems people use to establish identity online. That perspective makes him especially interested in the way names move between personal meaning, public recognition, and digital infrastructure.
For Namefi, Victor edits and writes about domains as durable digital identity: how names become ownable onchain assets, how tokenization changes custody and trust, and what naming can learn from the systems people use to establish identity online.