Economics
Intermediate
What is
Stablecoin?
A cryptocurrency designed to maintain a stable value, usually pegged to fiat currency like USD.
Stablecoins provide price stability in the volatile crypto market. They can be fiat-backed (USDT, USDC), crypto-collateralized (SigmaUSD), or algorithmic. Ergo's SigmaUSD is an algorithmic stablecoin backed by ERG reserves, using the AgeUSD protocol for decentralized stability.
Key Points
- Maintains ~$1 value
- SigmaUSD is Ergo's native stablecoin
- Crypto-collateralized (backed by ERG)
- No centralized issuer
- AgeUSD protocol ensures stability
- SigRSV absorbs volatility
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Frequently Asked Questions
Questions about Stablecoin
Common questions about this topic
How to use SigmaUSD stablecoin?
SigmaUSD is Ergo's algorithmic stablecoin pegged to USD. Mint it by depositing ERG as collateral on sigmausd.io. Use for stable value storage, trading pairs, or DeFi. Redeem anytime for ERG. The protocol uses SigRSV to absorb volatility - SigRSV holders take on risk for potential profit.
How-to
DeFi
How to get started with Ergo?
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
How-to
Getting Started
What can I do with Ergo?
Ergo supports a full ecosystem: trade on Spectrum DEX, use SigmaUSD stablecoin, mix transactions with ErgoMixer, collect NFTs on SkyHarbor, mine with GPUs, lend/borrow on DuckPools, bridge to other chains via Rosen, and build dApps with ErgoScript. It's a complete platform for decentralized finance and applications.
Explainer
Getting Started
Is Ergo a good investment?
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
Comparison
Getting Started