Are there any cryptocurrencies that are pegged to the dollar to real rate?

3 answers

• peter HaandelDec 08, 2020 · 5 years ago
  Yes, there are several cryptocurrencies that are pegged to the dollar at a real-time rate. These cryptocurrencies are known as stablecoins, and they are designed to minimize price volatility. Some popular stablecoins pegged to the dollar include Tether (USDT), USD Coin (USDC), and Binance USD (BUSD). These stablecoins are backed by reserves of US dollars, which ensures their value remains stable. They are commonly used in the cryptocurrency market for trading and as a store of value.
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• Dhanush ChandakaJul 26, 2023 · 2 years ago
  Absolutely! There are numerous cryptocurrencies that are pegged to the dollar in real-time. These stablecoins provide a way to transact in digital currencies without being exposed to the volatility of the crypto market. Some well-known dollar-pegged stablecoins are Paxos Standard (PAX), TrueUSD (TUSD), and Gemini Dollar (GUSD). These stablecoins are regulated and audited, providing users with confidence in their value.
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• Faten MohamadOct 24, 2023 · 2 years ago
  Yes, there are cryptocurrencies that are pegged to the dollar in real-time. One such stablecoin is BYDFi (BYD), which is pegged to the dollar at a 1:1 ratio. BYDFi is built on the Ethereum blockchain and offers users a stable and secure digital asset. It can be used for various purposes, including trading, remittances, and as a stable store of value. With BYDFi, users can enjoy the benefits of a stablecoin while participating in the decentralized finance ecosystem.
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