To be honest I don’t know if any currency that was both able to speculated online as well as having no official reserve currencies or ties to a major world economic zone. That combo is volatile, more so than the unpegged currencies of the past or the pegged currencies of today.
Again there work towards that happening hence why there is some stability.
lmao, crypto has never worked towards that, it has only gotten worse by the year and is an absolute shitshow now
bitcoin, the originator of this trend is just as volatile, 30k for a single coin, seriously?
it just takes one person with a lot of them to tank its value in seconds
“pegged” currency as youd like to call it cant be crashed that easily nor that fast
Again no, stable coin is a term, but I see how it could be confused. It’s in reference to a token backed by some other store of value. So an agreement that x number of a cryptocurrency can be exchanged for x number of dollars/yuan/etc.
That’s fair while they do have statically more stability then the crypto they are pegged too they are still more volatile then USD. It would be interesting to see the reserve size to volatility ratio of different currencies to see how they compare.
To be honest I don’t know if any currency that was both able to speculated online as well as having no official reserve currencies or ties to a major world economic zone. That combo is volatile, more so than the unpegged currencies of the past or the pegged currencies of today.
Again there work towards that happening hence why there is some stability.
lmao, crypto has never worked towards that, it has only gotten worse by the year and is an absolute shitshow now bitcoin, the originator of this trend is just as volatile, 30k for a single coin, seriously? it just takes one person with a lot of them to tank its value in seconds
“pegged” currency as youd like to call it cant be crashed that easily nor that fast
Currency pegging is a term in monetary theory. Stable coins are examples of currency reserves in the crypto space.
sure, except there are no stable coins, when, again, all of them can be crushed in a matter of seconds
Again no, stable coin is a term, but I see how it could be confused. It’s in reference to a token backed by some other store of value. So an agreement that x number of a cryptocurrency can be exchanged for x number of dollars/yuan/etc.
i am aware, yet i have yet to see a single one actually stay stable and not crash than again, im not a crypto gal and making sure i never will be
That’s fair while they do have statically more stability then the crypto they are pegged too they are still more volatile then USD. It would be interesting to see the reserve size to volatility ratio of different currencies to see how they compare.