Algorithmic stablecoins

Algorithmic stablecoins are a type of cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, through the use of algorithms and smart contracts. Unlike traditional stablecoins, which are backed by reserves of fiat currency or other assets, algorithmic stablecoins rely on automated mechanisms to control the supply of the token in response to changes in demand. These stablecoins are primarily targeted at cryptocurrency users and investors seeking a decentralized and scalable alternative to traditional stablecoins.

Algorithmic stablecoins was discovered on November 29th 2021 and it currently has a search volume of 260 with a growth of +2900%.