What crypto means by it
A digital token built to hold one steady value, almost always one US dollar. Unlike bitcoin, it is not meant to go up. It is meant to still be worth a dollar tomorrow, which is what makes it usable as money rather than as a bet.
What you already know this as
The e-money balance in a payment app. The number in your PayPal or Wise account is not physically dollars either, it is a claim on dollars that spends like dollars.
In Kite: Your Kite balance is stablecoins. You hold USDC or USDT and it behaves like a US dollar account you can spend from.
Decode with Kite
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