Questions tagged [pegged]

CryptoPioneer Sun Oct 13 2024 | 5 answers 456

I'm wondering if DAI, a cryptocurrency, is pegged to the US dollar. I want to know if there's a fixed exchange rate between DAI and USD, and how it works.

BlockchainVisionary Sun Oct 13 2024 | 6 answers 1164

I'm curious about how DAI, a cryptocurrency, maintains its peg to the US dollar. I want to understand the mechanisms and processes behind this stability.

InfinityRider Wed Oct 09 2024 | 7 answers 1571

Could you please elaborate on why the Hong Kong Dollar (HKD) is pegged to the United States Dollar (USD)? What are the key factors that led to this decision, and how does it benefit the Hong Kong economy? Additionally, what are the potential risks or drawbacks associated with maintaining this pegged exchange rate system? How does the Hong Kong Monetary Authority manage the exchange rate to ensure stability?

ZenHarmony Mon Oct 07 2024 | 6 answers 1243

Could you please clarify for me if the Hong Kong Dollar (HKD) is indeed pegged to the United States Dollar (USD)? I understand that the exchange rate between the two currencies is often stable, but I'm curious to know if there is an official arrangement or agreement in place that officially ties the value of the HKD to the USD. I'm interested in understanding the mechanics behind this potential peg, and how it affects the Hong Kong economy and financial system. Thank you for your time and consideration.

KimonoElegant Sat Oct 05 2024 | 7 answers 1727

I'm curious, is USDT a pegged cryptocurrency? I've heard that it's meant to maintain a stable value relative to a specific asset, like the US dollar. But I'm not entirely sure how it works or if that's even accurate. Could you elaborate on whether USDT is indeed a pegged cryptocurrency, and if so, how does it maintain its value in relation to the US dollar?