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Glossary Crypto & Web3

Stablecoin

A token designed to hold a steady value, usually one US dollar, by holding reserves or by algorithm. Reserve quality is the thing to watch: a stablecoin is only as sound as whatever is meant to be backing it.

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Spot ETF

An exchange-traded fund that holds the asset itself rather than futures contracts on it. A spot…

Yield

The income an investment returns, expressed as a percentage of its price. Bond yields move inversely…

Merger and acquisition

One company combining with or buying another. Deals of any size usually need clearance from competition…

Bond

A loan to a government or company that pays interest and returns the principal at maturity.…

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