A stablecoin is a digital token designed to keep a steady value, typically pegged to a fiat currency like the U.S. dollar. Designs vary, fiat-backed or treasury-backed reserves (most common), crypto-collateralized, and algorithmic approaches, each with different risk profiles.

Stablecoins are widely used for payments, settlement, and liquidity in DeFi and RWA markets. In NUVA’s ecosystem, users can deposit into vaults with stablecoins.