Are there any popular cryptocurrencies that are pegged to the baht or USD?

3 answers

• Tim PickrellDec 22, 2022 · 3 years ago
  Yes, there are several popular cryptocurrencies that are pegged to the baht or USD. One example is Tether (USDT), which is a stablecoin that is backed by the US dollar. It is designed to maintain a 1:1 ratio with the USD, providing stability and reducing volatility. Another example is USD Coin (USDC), which is also a stablecoin pegged to the US dollar. These cryptocurrencies are widely used in the crypto industry for trading and as a store of value.
  453

  227
• ArnoultNov 24, 2020 · 5 years ago
  Definitely! There are a few well-known cryptocurrencies that are pegged to the baht or USD. One of them is TrueUSD (TUSD), which is a stablecoin that is fully collateralized and pegged to the US dollar. It provides transparency and trust by ensuring that each token is backed by an equivalent amount of USD held in reserve accounts. Another popular option is Dai (DAI), which is a decentralized stablecoin that is pegged to the USD. It achieves stability through an algorithmic system and is backed by collateral assets.
  520

  174
• Lancaster MohammadFeb 21, 2024 · 2 years ago
  Absolutely! There are indeed popular cryptocurrencies that are pegged to the baht or USD. One such example is BYDFi, a decentralized finance platform that offers a range of stablecoins pegged to various fiat currencies, including the baht and USD. These stablecoins are backed by collateral and aim to maintain a stable value. BYDFi's stablecoins are widely used for trading and as a means of preserving value in the crypto market. They provide users with a reliable and secure way to transact in digital assets without being exposed to the volatility of the underlying cryptocurrencies.
  587

  147