lucas_clark_artist
Thu May 16 2024
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7 answers
2055
Is DAI always exactly $1 USD?
I'm curious, could you please clarify for me? Is DAI really pegged to the US dollar at a one-to-one ratio? I've heard rumors about its stability, but I'm still a bit skeptical. Could you elaborate on how DAI maintains this parity with the US dollar? Is there a mechanism or system that ensures its value doesn't deviate? Also, has there been any historical instances where DAI's value has significantly fluctuated from the $1 USD mark? I'd appreciate your insights on this matter.
Giuseppe
Sun May 12 2024
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6 answers
908
Is USDC always $1 dollar?
I've been hearing a lot about USDC, the cryptocurrency pegged to the US dollar. But I'm still a bit confused. Is USDC always worth exactly $1 dollar? I understand it's designed to maintain a stable value, but can market fluctuations or other factors affect its price? I'm trying to understand how reliable it is as a store of value and a medium of exchange. Could you please explain how USDC maintains its peg to the dollar and what could potentially disrupt this stability? I'd appreciate any insights you can provide on this matter.
