Stablecoins are a type of cryptocurrency that derives their value from some underlying external asset, like the U.S. dollar or the price of gold. ... Currencies issued by governments, like the U.S. dollar, can be converted to stable coins, which are then used to buy other cryptocurrencies.
Tether
Tether is a cryptocurrency that is hosted on the Ethereum blockchain with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether is called a stablecoin because it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued.
USDC
USD Coin is a digital stablecoin that is pegged to the United States dollar. USD Coin is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase and Bitcoin mining company Bitmain, an investor in Circle.
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