How does the pegging of AED to USD impact the stability of the cryptocurrency market?

1 answers

• Dec 28, 2021 · 3 years ago
  As a representative of BYDFi, I can say that the pegging of AED to USD has a positive impact on the stability of the cryptocurrency market. It provides a reliable benchmark for pricing and reduces the risk of price manipulation. This can attract more traders and investors to participate in the market, leading to increased liquidity and stability. However, it is important to note that the stability of the market is a collective effort and depends on various factors. The pegging of AED to USD is just one piece of the puzzle.
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