Stablecoins overview

Stablecoins overview

What stablecoins try to do, how designs differ, and how they're not the same as bitcoin or tokenized gold.

Published Apr 22, 2026 · Updated Apr 23, 2026

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Stablecoins overview

Stablecoins are dollar-pegged crypto tokens for dollar-like value on a blockchain; backing and rules differ by project, and "stable" is a design goal, not a guarantee the dollar readout will never move. They differ from native cryptocurrencies such as bitcoin, which are issued under their own network rules instead of aiming at a fiat peg.

Stablecoins versus gold-backed tokens

Gold-backed tokens are commodity-claim structures. USD stablecoins pitch dollar exposure via reserves or mechanisms. The legal and custody stacks differ; do not mix the categories when you evaluate risk.

This page is educational and not a recommendation to buy, sell, or hold any asset.

FAQ

Is a stablecoin always worth exactly one dollar?
Not always. Designs aim for a peg, but markets, reserves, governance, and liquidity can all push price away from one dollar at times. Treat “stable” as a design goal, not a guarantee.
Are stablecoins the same as bitcoin?
No. bitcoin is a native asset with its own issuance rules. Stablecoins are usually tokens that represent a claim or mechanism tied to something else, often U.S. dollar exposure, through reserves, algorithms, or on-chain collateral.
Is fUSD the same as USDC?
No. They are different projects on different stacks. fUSD is covered as a Zano-ecosystem USD-pegged asset; USDC is issued by Circle with its own disclosures. Compare the dedicated pages.
Is this financial advice?
No. This content is general education only.