A currency whose value is intended to be constant in relation to a certain asset. For instance, 1 USDT is equivalent to 1 USD. Likewise known as a stablecoin.
Off-Chain
All network users can see on-chain transactions because they are recorded on the distributed ledger. Off-chain transactions, however, take place away from the blockchain network
A hard cap is a restriction put in place by the blockchain's code on the maximum amount of units that can ever be created or circulated for a specific cryptocurrency