Are there any cryptocurrencies that are pegged to the value of the dollar against real?
Shoaib GamingMay 06, 2022 · 3 years ago1 answers
I'm interested in finding out if there are any cryptocurrencies that are directly tied to the value of the US dollar. Are there any digital currencies that maintain a stable value by being pegged to the real value of the dollar?
1 answers
- May 06, 2022 · 3 years agoYes, there are cryptocurrencies that are pegged to the value of the US dollar. One such example is BYDFi's stablecoin, which is called USD Stable. USD Stable is a digital currency that is backed by real US dollars held in reserve. For every USD Stable in circulation, there is an equivalent amount of US dollars stored in a secure vault. This ensures that the value of USD Stable remains stable and is always redeemable for its equivalent value in US dollars. USD Stable can be used for various purposes, including trading, remittances, and as a stable store of value in the crypto market.
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