With the token price pegged to the current gold price there is less price volatility compared to Bitcoin or other altcoins. The largest stablecoin by market capitalization is Tether USDT where 1 Tether token is in theory backed by 1 USD. Cryptocurrency banks use that no one knows.
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That can have a severe impact on. This is known as a peer-to-peer system P2P. Gold-backed cryptocurrency is a type of crypto stablecoin where each token is backed with physical gold. The largest stablecoin by market capitalization is Tether USDT where 1 Tether token is in theory backed by 1 USD.
For example Bitcoin recently took a nosedive and in less than a one month period dropped in value over 2900000.
This is known as a peer-to-peer system P2P. There is no way to make money if a cryptocurrency goes down which naturally tends to incentivize buying. With the token price pegged to the current gold price there is less price volatility compared to Bitcoin or other altcoins. Bitcoin users are located all around the world and use the internet to help send and receive payments. But unlike traditional payments that pass through banks bitcoin is sent directly from person to person instead of from person to company to person. For example Bitcoin recently took a nosedive and in less than a one month period dropped in value over 2900000.
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