Are there any cryptocurrencies that are directly pegged to the Thai baht or the dollar?

3 answers

• m8tenOct 25, 2022 · 3 years ago
  Yes, there are cryptocurrencies that are directly pegged to the Thai baht and the US dollar. One example is Tether (USDT), which is a stablecoin that maintains a 1:1 peg with the US dollar. Another example is PAX Gold (PAXG), which is pegged to the price of one troy ounce of gold and can be exchanged for US dollars. These cryptocurrencies provide stability and can be used for various purposes such as trading or as a store of value.
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• Boran DurlanıkAug 26, 2021 · 4 years ago
  Definitely! There are cryptocurrencies that are directly pegged to the Thai baht and the US dollar. One popular option is USD Coin (USDC), which is a stablecoin backed by US dollars held in reserve. It offers a reliable and transparent way to hold and transfer value digitally. Another option is TrueUSD (TUSD), which is also pegged to the US dollar and provides stability in the volatile cryptocurrency market. These cryptocurrencies are widely accepted and can be easily traded on various exchanges.
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• Saba FouadMay 21, 2021 · 4 years ago
  Absolutely! There are cryptocurrencies that are directly pegged to the Thai baht and the US dollar. One such cryptocurrency is BYDFi (BYD), which is pegged to the Thai baht. BYDFi is a decentralized stablecoin that provides a secure and transparent way to hold and transfer value. It is backed by a reserve of Thai baht and can be exchanged at a 1:1 ratio. BYDFi is gaining popularity in the cryptocurrency market and is supported by a growing number of exchanges.
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