Cryptocurrency Q&A
What is a US dollar-based stablecoin?
What is a US dollar-based stablecoin?
AltcoinExplorer
Thu Oct 03 2024
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0 answers
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Could you please elaborate on what exactly is a US dollar-based stablecoin? I understand it's a type of cryptocurrency, but how does it maintain its stability and peg to the value of the US dollar? What are the potential benefits and risks associated with investing in such a coin? And how does it differ from other types of cryptocurrencies in the market?
