Binance USD is one of the most popular stablecoins in the crypto market. These stablecoins are generated from the Binance company. It is basically the Binance crypto being pegged to fiat cash, more specifically, the US dollar. This is one of the most used stablecoins in the market.
Read moreWhat is considered a stablecoin?
A stablecoin is a cryptocurrency whose value is fixed to another asset , often currencies such as the U.S. dollar or the euro, though other assets are possible. This kind of crypto coin tracks the underlying asset, making its value stable over time, at least relative to the currency it’s pegged to.
Read moreIs Diem coin a stablecoin?
Diem would have been a stablecoin , a type of cryptocurrency which has its value attached to the performance of a conventional fiat currency such as the US dollar.28 Oca 2022
Read moreWhat is an example of a stablecoin?
Commodity-backed stablecoins are collateralized using physical assets like precious metals, oil, and real estate. The most popular commodity to be collateralized is gold; Tether Gold (XAUT) and Paxos Gold (PAXG) are two of the most liquid gold-backed stablecoins.
Read moreCan I buy Diem cryptocurrency?
Although you can buy Diem Dollars on major crypto exchange sites, you can also simply get them through the Novi wallet . Novi is a very straightforward app that makes it easy to get Diem Dollars, send money, receive money, and redeem your Diem dollars.
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