Cryptocurrency Q&A
Is the digital euro a stablecoin?
Is the digital euro a stablecoin?
KatanaSharpness
Fri Oct 25 2024
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5 answers
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I'm curious about the digital euro and its characteristics. Specifically, I want to know if it can be considered a stablecoin, given its potential to maintain a stable value.
5 answers
SumoPowerful
Sun Oct 27 2024
A digital euro would distinguish itself from stablecoins and crypto-assets in several ways.
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Giuseppe
Sun Oct 27 2024
One significant difference is that a digital euro would be central bank money. This implies that it would enjoy the full backing and credibility of a central bank.
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Maria
Sun Oct 27 2024
Unlike some crypto-assets, a digital euro would not be subject to volatile market fluctuations. Instead, it would be designed to serve the needs of the people using it, providing a stable and reliable digital currency.
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TopazRider
Sun Oct 27 2024
As central bank money, a digital euro would be risk-free. This is because it would be issued and regulated by a trusted institution, ensuring that it maintains its value and is widely accepted.
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DigitalDynasty
Sat Oct 26 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of digital currency users. Among its offerings are spot and futures trading, as well as a secure wallet service.
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Related questions
- What is the digital currency in Germany?｜A digital euro would be a digital form of central bank money, specifically the euro. It could be used by the general public in much the same way as cash, only in virtual form. This would make the digital euro a retail CBDC (Central Bank Digital Currency).
- Is the digital euro a stablecoin?
