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A stablecoin is any cryptocurrency whose value is pegged to a single national <a href="https://en.wikipedia.org/wiki/Fiat_money" target="_blank">fiat</a> currency, a collection of fiat currencies, or a basket of goods in a consumer price index. A stablecoin can also be alternatively defined as a cryptocurrency whose value is pegged to the value of one or more financial assets that individually or collectively have a stable value.