Questions tagged [stablecoin]

Bianca Wed Jan 15 2025 | 6 answers 1092

Paxos, a financial technology company, has announced plans to launch a US dollar-backed stablecoin. However, there are concerns about regulatory approval and market acceptance. Will Paxos succeed in its plan to introduce a stable digital currency backed by the US dollar?

GliderPulse Wed Jan 15 2025 | 7 answers 1209

BNB is not a stablecoin. It is the native token of the Binance ecosystem, including the BNB Chain and BNB Smart Chain, used for various purposes such as paying transaction fees, participating in IEOs, and purchasing goods and services. Its value is subject to market fluctuations, unlike stablecoins which are pegged to a fixed asset like USD.

CherryBlossomFalling Mon Jan 13 2025 | 7 answers 1432

I'm interested in stablecoins, particularly the ones that are backed by gold. I want to know which stablecoin is tied to the value of gold, ensuring its stability and reducing volatility.

MysticGalaxy Mon Jan 06 2025 | 6 answers 717

I'm interested in Tether and its market position. I want to know if Tether is currently the largest stablecoin in the world, considering its market capitalization and usage.

Giulia Sat Jan 04 2025 | 5 answers 1111

I want to understand how USDT maintains its peg to the US dollar. I'm curious about the mechanisms and processes involved in keeping the value of USDT stable and pegged to the USD.