What is the significance of stable pegged currency ?
Sorry but I do not understand, most of the time we want the currency to go up not stay static.
Would really appreciate if someone can explain me this.
Thanks in advance.
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The main advantage is it can be used in commerce, if you want to sell a widget for $10 you know it will always be worth 10 HBD (if HBD was in fact pegged).
The side advantage is when people think a token will crash, they can move their tokens to a stable coin and ride it out and buy back cheaper. Tether is typically used for this.
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