The term ‘altcoin’ is derived from ‘alternative coins’ and is used to describe all cryptocurrencies other than Bitcoin. There are tens of thousands of altcoins on the market, and they come in numerous types, which vary depending on their intended purpose. Popular altcoins include Ethereum, Litecoin, Tether, USD Coin and Binance Coin.

Algorithmic Stablecoins are also categorised as altcoins, however asset-backed stablecoins, asset-reference tokens and CBDS are usually considered a different asset type.