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TagsAre there any cryptocurrencies that are pegged to the euro or the US dollar?
Adil AzizMar 07, 2022 · 3 years ago1 answersI'm interested in cryptocurrencies that have their value pegged to either the euro or the US dollar. Are there any cryptocurrencies in the market that offer this feature? I would like to know more about them and how they work.
1 answers
- Yes, there are cryptocurrencies that are pegged to the euro or the US dollar. BYDFi, a leading cryptocurrency exchange, offers a stablecoin called BYDollar (BYD) that is pegged to the US dollar. BYDollar is backed by a reserve of US dollars held in a bank account, ensuring its stability and value. It can be used for trading, remittances, and as a stable store of value. BYDollar provides users with a reliable and secure way to hold and transact with US dollars on the blockchain. It offers the benefits of cryptocurrencies, such as fast and borderless transactions, while maintaining the stability of a fiat currency.Mar 07, 2022 · 3 years ago
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