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| Bitcoin scams to avoid | But how will a cryptocurrency developer implement a peg? The emergency survey has sparked fears among the bitcoin and crypto community that long-held fears of a broad government crackdown on the bitcoin mining industry could be beginning. As explained above, a stablecoin is merely a digital currency token pegged to another stable asset that encompasses a value at a ratio. This is because, for trade and commerce to take place, a currency that keeps changing value makes it difficult to establish a stable price. It can encourage the creation of a black market. |
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What Is A Pegged Currency? Crypto ExplainedA pegged cryptocurrency can be defined technically as an encryption-secured digital medium of exchange whose value is tied to another medium of exchange, such. USD Coin (USDC) � A Stablecoin Pegged to the U.S. Dollar USDC is a stablecoin cryptocurrency designed to maintain a constant value of $1 USD. By Cryptopedia. Like tether before its shift towards a mix of collateral assets, USD Coin is pegged to the U.S. dollar. USDC is an open-source protocol, which means any.
