Is DAI backed by USDC?
I'm curious about the relationship between DAI and USDC. Specifically, I want to know if DAI is backed or supported by USDC in any way. Can someone clarify this for me?
Which digital coin is backed by the US dollar?
I don't understand this question. Could you please assist me in answering it?
What currency is the U.S. dollar backed by?
I'm wondering what kind of currency or asset stands as the backing for the U.S. dollar. Is it gold, silver, or some other form of reserve? I want to understand the foundation behind the U.S. dollar's value.
Is base backed by Coinbase?
Excuse me, I'm a bit confused about the term "base" you're mentioning. Could you please clarify if you're referring to a specific cryptocurrency or a more general concept? As for Coinbase, it's a well-known cryptocurrency exchange platform that offers trading, storage, and other services related to digital assets. However, without knowing the exact context of "base," it's difficult to definitively state whether or not it's backed by Coinbase. Could you provide more details about what you mean by "base," so I can give you a more accurate answer?
What is Bitcoin backed by?
So, let me get this straight, Bitcoin... what exactly is it backed by? Is there some tangible asset, like gold or silver, that underpins its value? Or is it purely digital, floating in the ether, with no physical anchor to keep it grounded? I'm curious to know what gives Bitcoin its intrinsic worth, and what keeps it from being just another fleeting fad in the world of finance.