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CryptoFacts: Understanding Fiat-Backed Stablecoins Fiat-backed stablecoins are cryptocurrencies designed to mirror the value of traditional fiat currencies like the US dollar. By anchoring to a stable asset, these digital currencies aim to offer a less volatile crypto option, combining the stability of fiat with the flexibility of crypto.
Curious about how stablecoins maintain their peg and their role in the crypto ecosystem? Let’s dive into the mechanics and benefits of fiat-backed stablecoins!
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