Stablecoins & Real-World Assets

Crypto-Backed Stablecoin

A stablecoin backed by other crypto locked in smart contracts, held in excess of the stablecoins issued so that price drops don't break the peg. DAI, launched by MakerDAO and now part of the Sky system alongside USDS, is the classic example, though over time much of its backing has shifted toward stablecoins and other assets.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.