No Summary provided as the original text is short
- Stablecoin: A cryptocurrency pegged to a reserve asset such as a fiat currency, designed to maintain a stable value.
- Decentralized Finance (DeFi): A blockchain-based financial ecosystem that offers services like lending, trading, and investing without traditional intermediaries.
- Fiat-backed Stablecoin: A type of stablecoin whose value is directly tied to traditional currencies like the euro or U.S. dollar.