Stablecoin
Quick definition
A crypto token designed to hold a fixed value, usually pegged 1:1 to the US dollar.
Stablecoins like USDT and USDC aim to stay worth exactly one dollar, backed by reserves. They give crypto users a way to hold 'dollars' on-chain without a bank.
In many Asian markets, buying USDT via P2P is the first step before buying Bitcoin. Stablecoins still carry issuer risk — the peg depends on the company's reserves being real.