Updated the Oxford dictionary

S T A B L E C O I N

/ˈsteɪ.bəl.kɔɪn/

noun

A cryptocurrency scheme where investors give up their Bitcoin in return for a USD-pegged token - while the issuers use their money to buy Bitcoin, leaving investors with a depreciating digital IOU.

Origin:

early 21st century, from “stable” (ironically implying reliability) + “coin” (to evoke trust), typically managed by centralised entities promising transparency while hoarding hard assets.