How does USD play a role in the valuation of digital assets?

3 answers

• Dec 20, 2021 · 3 years ago
  The USD plays a crucial role in the valuation of digital assets. As the most widely accepted and stable fiat currency, it serves as a benchmark for pricing and trading digital assets. Many exchanges use USD as the base currency for trading pairs, allowing users to easily calculate the value of their digital assets in terms of USD. Additionally, the USD is often used as a reference point for determining the value of cryptocurrencies in the market. Overall, the USD's influence on the valuation of digital assets cannot be underestimated.
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• Dec 20, 2021 · 3 years ago
  When it comes to the valuation of digital assets, the USD is like the North Star. It provides a stable reference point for investors and traders to assess the value of cryptocurrencies. With the USD as the dominant global currency, its impact on the valuation of digital assets is significant. Whether it's calculating the price of Bitcoin or determining the market cap of Ethereum, the USD plays a crucial role in establishing a common standard for valuation. Without the USD, the digital asset market would lack a reliable benchmark for pricing and trading.
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• Dec 20, 2021 · 3 years ago
  In the world of digital assets, the USD is the kingpin. As the most widely used fiat currency, it sets the tone for the valuation of cryptocurrencies. Many exchanges, including BYDFi, offer trading pairs with USD as the base currency. This allows traders to easily assess the value of their digital assets in terms of USD. The USD's stability and global acceptance make it a trusted reference point for pricing and trading digital assets. So, whether you're buying Bitcoin or trading Ethereum, the USD's role in valuation cannot be ignored.
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