Is ticker XOM considered a stablecoin in the cryptocurrency market?

3 answers

• May 07, 2022 · 3 years ago
  No, ticker XOM is not considered a stablecoin in the cryptocurrency market. XOM is actually the ticker symbol for Exxon Mobil Corporation, an oil and gas company. Stablecoins are cryptocurrencies that are pegged to a stable asset, such as a fiat currency, to minimize price volatility. XOM is not a stablecoin and does not have any connection to the cryptocurrency market.
  372

  186
• May 07, 2022 · 3 years ago
  No, XOM is not a stablecoin. It is the ticker symbol for Exxon Mobil Corporation, a multinational oil and gas company. Stablecoins are specifically designed to maintain a stable value, usually by being pegged to a fiat currency like the US dollar. XOM is not associated with any stablecoin in the cryptocurrency market.
  319

  107
• May 07, 2022 · 3 years ago
  No, XOM is not considered a stablecoin in the cryptocurrency market. It is the ticker symbol for Exxon Mobil Corporation, one of the largest publicly traded oil and gas companies. Stablecoins are cryptocurrencies that aim to maintain a stable value, usually by being pegged to a fiat currency. XOM is not involved in the stablecoin market.
  339

  85