Algorithmic Stablecoin

An algorithmic stablecoin actually uses an algorithm underneath, which can issue more coins when its price increases and buy them off the market when the price falls.

Some algorithmic stablecoins include:

• Terra USD (UST)
• Empty Set Dollar (ESD)
• Amplefort (AMPL)

Sources:

https://coinmarketcap.com/alexandria/glossary/algorithmic-stablecoin