Cryptocurrency Q&A
What is the first stable coin?
What is the first stable coin?
SamsungShineBrightnessRadiance
Sun Nov 03 2024
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7
answers
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I'm trying to find out which coin can be considered as the very first stable coin in the cryptocurrency market. I want to know which one started the trend of being pegged to a stable asset like fiat currency or gold.
7 answers
CryptoTamer
Tue Nov 05 2024
Unfortunately, in 2018, BitUSD lost its peg to the U.S. dollar.
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Rosalia
Tue Nov 05 2024
BitUSD was the pioneering stablecoin in the cryptocurrency world.
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Valentino
Tue Nov 05 2024
Despite efforts to restore its value, BitUSD never regained its original stability.
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JejuSunshineSoulMate
Tue Nov 05 2024
In the same year as BitUSD's launch, another stablecoin emerged.
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SkyWalkerEcho
Tue Nov 05 2024
It was launched in 2014 and was backed by other cryptocurrencies.
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