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by zodiac
3080 days ago
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> Also, pegging a cryptocurrency to the dollar seems almost comedically perverse. What is it for? The general thing you want is for your currency to have stable purchasing power (for goods and services) in the short term, maybe inflate it slowly to encourage investment - monetary policy basically. Targeting a USD peg is a way to do this, of course ideally you'd want your currency to have a monetary policy independent of USD |
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