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Questions tagged [us dollar-based]

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AltcoinExplorer AltcoinExplorer Thu Oct 03 2024 | 0 answers 0

What is a US dollar-based stablecoin?

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?

What is a US dollar-based stablecoin?

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