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Linh-Linh

One of the concerns with cryptocurrencies like Bitcoin is their

high volatility. How does FDUSD maintain stability while also being based on trust, similar to fiat currencies?

#binance #crypto-exchange #cryptocurrency #english
0

1 ответов

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Karen ✨ |-First Digital

Yes there are cryptocurrencies out there that are more volatile than others, I.e altcoins. The whole premise of a stablecoin is that it mitigates much of this volatility as it is back 1:1 and pegged to a stable currency. Of course there have been algorithmic stablecoins in the past that have lost their peg but the mechanisms in place to maintain that peg had weak foundations to begin with. It’s once the tide goes out, is when you start to see who’s still left standing

0
24.10.2023

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