Leonardo
Fri Feb 14 2025
|
7 answers
1495
What is China's government backed cryptocurrency?
I heard that China has its own government-backed cryptocurrency. I'm curious to know more about it. What is this cryptocurrency called and how does it work? Is it similar to other cryptocurrencies like Bitcoin or Ethereum?
CryptoGuru
Sun Dec 08 2024
|
5 answers
1108
Is USDT really backed?
I'm curious about USDT and its backing. I've heard that it's supposed to be backed by real US dollars, but I'm not sure if that's actually true. Can someone explain if USDT is really backed and how that works?
Eleonora
Sun Nov 24 2024
|
5 answers
1009
What is stacks backed bitcoin?
I want to understand what 'stacks backed bitcoin' is. I'm looking for an explanation of this concept, possibly including how it works and its significance in the cryptocurrency world.
Alessandra
Wed Nov 20 2024
|
5 answers
768
What is the US dollar backed cryptocurrency?
The US dollar backed cryptocurrency, commonly known as a stablecoin, is a digital asset pegged to the value of the USD. It aims to provide stability and reduce volatility compared to other cryptocurrencies. One example is USDT, issued by Tether, which maintains a 1:1 ratio with the US dollar and is used for global payments and cross-border transactions.
Michele
Sun Nov 17 2024
|
6 answers
1312
What is the U.S. dollar backed cryptocurrency?
The U.S. dollar backed cryptocurrency is a digital asset that is fully supported by U.S. dollar reserves. One such example is USD Coin (USDC), where each token is pegged to the value of one U.S. dollar, providing stability and allowing it to be used as a hedge against volatility in other cryptocurrencies.
