This page outlines the key features of a stablecoin.
For more information about RLUSD in particular, see RLUSD.
A stablecoin is a type of digital token that is backed by real-world assets of equivalent value, such as fiat currency or gold. These tokens are called stablecoins because they are designed to keep their value stable, usually at a 1:1 rate with another asset. For example, a stablecoin can be linked to the value of the United States Dollar (USD), where each stablecoin represents 1 US dollar.
Stablecoin issuers provide services for deposits and withdrawals, enabling the exchange of tokens for the corresponding real-world currency or asset.