The TOR stablecoin is the stable counterpart to the HEC utility token. Stablecoin refers to coins which maintain a value peg and are therefore not subject to the extreme volatility that can plague other cryptocurrencies. Cryptocurrency-backed stablecoins are issued with cryptocurrencies as collateral, which is conceptually similar to fiat-backed stablecoins. However, there is a significant difference between the two designs. While fiat collateralization typically happens off the blockchain, when cryptocurrency or crypto assets are used to back a stablecoin is done on the blockchain. This method is more decentralised and can use smart contracts to maintain the supply and price peg.