Cryptocurrency Q&A
Are all stablecoins pegged to USD?
Are all stablecoins pegged to USD?
Lucia
Mon Nov 18 2024
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5 answers
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I'm wondering if all stablecoins are pegged to the US dollar. I know some are designed to maintain a fixed value relative to USD, but I'm not sure if this applies to all stablecoins or if they can also be pegged to other currencies or assets.
5 answers
DondaejiDelight
Wed Nov 20 2024
Stablecoins are designed to maintain a stable value.
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ChristopherWilson
Wed Nov 20 2024
Their value is usually pegged to a specific fiat currency.
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Rosalia
Wed Nov 20 2024
For instance, many stablecoins are pegged to the United States dollar.
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Lorenzo
Tue Nov 19 2024
This pegging mechanism ensures that the price of the stablecoin remains fixed.
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Valentina
Tue Nov 19 2024
Alternatively, some stablecoins are pegged to a particular commodity, such as gold.
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