Algorithmic Stablecoin
An algorithmic stablecoin is a type of cryptocurrency that uses a computer program to manage its supply. When its price goes up, the program creates more coins to lower the price. When the price drops, it buys back coins from the market to help raise the price.
More terms under A
- Algo-Trading (Algorithmic Trading)Algo-trading is a way of buying and selling cryptocurrencies automatically using a computer program that follows specific rules.
- AlgorithmA method or set of steps that a computer follows to solve problems or perform calculations.
- Algorithmic Market Operations (AMOs)Algorithmic Market Operations (AMOs) are systems that automatically manage the supply of algorithmic stablecoins. They help make these coins more scalable,…
- All Risks CoverageAll Risks Coverage is a type of insurance that protects against any losses or damages unless specifically excluded in the policy.
- All-Time-High (ATH)The highest price or market value that a cryptocurrency has ever reached.
- All-Time-Low (ATL)An all-time low (ATL) is the lowest price that a cryptocurrency has ever reached since it started being traded.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.