RE: What are stablecoins and what should you know about them before investing?
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A beautiful lecture. But I want to ask, for the gold backed stable coins, what makes then so volatile seeing that the price of gold itself isn't so volatile.
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Good question!
Gold is definitely not as volatile as Bitcoin or Ethereum, but apparently it has enough price variability, that the price declines enough to break the peg to one dollar. That means the amount of gold controlled by one gold backed stable coin is worth less then one dollar.
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Thank you for the lucid explanation
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Your welcome.
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