I've been hearing a lot about MM in the crypto world, but I'm not sure what it stands for or its role in the cryptocurrency market. Can someone explain what MM means in crypto and how it functions within this domain?
7 answers
Maria
Tue Jan 14 2025
Specifically, it is designed to hold a value equivalent to 1 USDC, which is a stablecoin pegged to the US dollar.
KatanaSwordsmanship
Tue Jan 14 2025
MM stands as a decentralized digital currency that incorporates the principle of scarcity into its design.
KpopStarletShine
Tue Jan 14 2025
This equivalence allows MM to serve as a reliable store of value in the volatile cryptocurrency market.
Skywalker
Tue Jan 14 2025
This digital asset is distinguished by its limited and fixed supply, which is capped at one million units.
Stardust
Tue Jan 14 2025
The creators of MM have intentionally set this cap to ensure that the currency remains scarce and valuable.