Stablecoins

Stablecoins are digital representations of value that aim to maintain a stable price relative to one or more official currencies, commodities, or crypto-assets, using stabilisation mechanisms such as reserve assets or algorithmic protocols.

Source: https://www.ecb.europa.eu/press/financial-stability-publications/macroprudential-bulletin/html/ecb.mpbu202207_2~836f682ed7.en.html#:~:text=Stablecoins%20are%20digital%20units%20of,by%20so%2Dcalled%20algorithmic%20stablecoins