Dollar-pegged stablecoins are digital tokens backed by reserves that maintain a one-to-one exchange ratio with U.S. dollars.

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Stablecoins are currently used to store cash or purchase other cryptocurrency tokens. They are supposed to maintain a one-to-one exchange ratio with dollars or other government currencies, and are backed by reserves of cash or cash-like assets such as Treasurys.

The Journal stated that Walmart, Amazon, and others are exploring creating new dollar-pegged tokens to power payment flow.