What Is a Stablecoin Peg?
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What Is a Stablecoin Peg?
A stablecoin is a specific type of cryptocurrency designed to maintain a relatively steady value. In contrast to the typical volatility associated with cryptocurrencies, stablecoins are purposefully engineered to act as a safeguard against significant price fluctuations. To achieve this stability, stablecoins rely on a mechanism called a “peg,” which serves as a reference point…