Cryptocurrency Q&A
How is crypto pegged to the dollar?
How is crypto pegged to the dollar?
Caterina
Thu Nov 14 2024
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6 answers
698
I want to understand how cryptocurrency is pegged to the dollar. I'm curious about the mechanism behind this process and how it affects the value of the crypto assets in relation to the US dollar.
6 answers
Emanuele
Sat Nov 16 2024
The USD is also recognized as one of the most stable fiat currencies globally.
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Marco
Sat Nov 16 2024
The majority of pegged cryptocurrencies are linked to the USD.
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Dario
Sat Nov 16 2024
Cryptocurrencies can have their value pegged to other assets as well.
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EclipseRider
Sat Nov 16 2024
This is due to the USD's prominent role in the global financial sector.
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DigitalWarrior
Sat Nov 16 2024
For instance, some cryptocurrencies are pegged to commodities such as gold.
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