KimonoElegant
Sat Oct 05 2024
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7 answers
1727
Is USDT a pegged cryptocurrency?
I'm curious, is USDT a pegged cryptocurrency? I've heard that it's meant to maintain a stable value relative to a specific asset, like the US dollar. But I'm not entirely sure how it works or if that's even accurate. Could you elaborate on whether USDT is indeed a pegged cryptocurrency, and if so, how does it maintain its value in relation to the US dollar?
alexander_clark_designer
Sun Sep 29 2024
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5 answers
967
Is TWD pegged to USD?
Excuse me, could you please clarify whether the Taiwanese Dollar (TWD) is pegged to the US Dollar (USD)? I'm interested in understanding the currency's exchange rate stability and how it may be influenced by external factors. If it is indeed pegged, could you elaborate on the mechanism behind this arrangement and its potential implications for investors and businesses?
SsangyongSpiritedStrength
Wed Sep 18 2024
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6 answers
847
Is bSOL pegged to SOL?
Excuse me, could you please clarify something for me? I've been reading about bSOL and SOL, and I'm a bit confused. I understand that both are tokens in the crypto world, but I'm wondering if bSOL is pegged to SOL in any way? In other words, does the value of bSOL fluctuate in direct proportion to the value of SOL, or is there some other mechanism at play here? I'd really appreciate it if you could shed some light on this for me. Thank you!
EchoPulse
Fri Aug 02 2024
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7 answers
1585
Is BUSD pegged to USD?
Excuse me, could you clarify for me if BUSD, the Binance USD stablecoin, is indeed pegged to the United States Dollar (USD)? I understand that stablecoins are designed to maintain a stable value by being tied to a specific asset, but I would like to ensure that BUSD specifically adheres to this principle and maintains a 1:1 ratio with the USD. Is there any mechanism in place to ensure this peg is maintained, and if so, could you elaborate on how it works?
SejongWisdomKeeperEliteMind
Wed Jul 31 2024
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7 answers
882
Which crypto is pegged to gold?
Could you please elaborate on which cryptocurrency is specifically tied to the value of gold? I'm interested in understanding if there's a digital asset that maintains a stable value by being directly linked to the fluctuations in the price of gold. Additionally, could you provide some insight into how this mechanism works and the potential benefits or drawbacks of investing in such a cryptocurrency?
