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Icon (ICX) is a project aiming to replicate the relationships between real-world economies in a blockchain environment Icon envisions the eventual creation of "digital nations" where stakeholders can create forms of value (currencies) and economies which can in-turn interact. The token is called ICX, and when staking rewards are allocated by amount of ICX staked.
*Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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