choco holicDec 26, 2021 · 3 years ago5 answersAre there any cryptocurrencies that are pegged to the dollar or euro exchange rate?
I'm interested in finding out if there are any cryptocurrencies that have their value pegged to the exchange rate of the dollar or euro. Can you provide me with some information on this? Specifically, I'd like to know which cryptocurrencies are pegged to these fiat currencies and how the pegging mechanism works. Additionally, I'm curious about the benefits and potential drawbacks of using such cryptocurrencies.
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