# Stablecoin **Domain:** Cryptocurrency / Payments **Doc Type:** Developed Wiki Node **Maturity:** Developed **Collection:** [[collections/Gamification|Gamification Collection]] ## Definition A **stablecoin** is a cryptoasset designed to maintain a stable value relative to a reference asset, commonly a national currency. ## Significance Stablecoins can reduce settlement friction in digital markets, but reserve, redemption, custody, governance, and legal structures vary significantly. ## Sources - [[articles/gamification/Lex Sportiva and Winning Without Bloodshed|Lex Sportiva and Winning Without Bloodshed]] - [Primary or institutional source](https://www.bis.org/publ/arpdf/ar2022e3.htm) ## Routes [[wiki/Governance Token|Governance Token]] · [[wiki/GambleFi|GambleFi]] · [[wiki/Polymarket|Polymarket]] · [[articles/gamification/Lex Sportiva and Winning Without Bloodshed|Lex Sportiva and Winning Without Bloodshed]]