kaal:claim:4033886-033

The stablecoin exists as a response to digital asset price volatility: it is pegged to the value of an external asset, frequently a fiat currency.

Source quote, verbatim

To reduce price volatility in digital assets, the stablecoin was born. A stablecoin is pegged to the value of an external asset (frequently fiat currency).126

From

Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022), IV.2.a Market Approach, p. 31
https://ssrn.com/abstract=4033886 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886

Holds when

stablecoins pegged to external assets

Classification

definitionalsupport: arguedtokenomics

Verify

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