Questions tagged [pegged]

StarlitFantasy Wed Oct 16 2024 | 7 answers 1334

I want to understand how DAI is pegged to USD. I'm curious about the mechanism and process behind this pegging, and how it ensures DAI's value remains stable relative to the US dollar.

CryptoWizard Tue Oct 15 2024 | 5 answers 680

I'm curious about the mechanism behind FRAX's pegging. How does it maintain its peg and what are the factors involved in this process? I would like to understand the technicalities and dynamics of FRAX's pegging system.

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?