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Questions tagged [stablecoins]

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10
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3answers
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How would stablecoins work on Ethereum?

The idea of a stablecoin in Ethereum is to create a token that is pegged to the price of say $1 USD. What are the main ways of achieving a stable cryptocurrency? What DApps are implementing them and ...
6
votes
1answer
305 views

How does the DAI keep its peg to a USD dollar?

I learned recently that the DAI uses some kind of smart contract magic to peg itself to the dollar as a stable coin. How is this not centralized as it involves fiat pairs? And what are some of the ...