Algorithmic Stablecoin
| Algorithmic Stablecoin is a crypto token that keeps the value of an asset by using price stabilization algorithms. This type of coin is pegged to a specific asset, such as the US Dollar, and its value is algorithmically managed by a smart contract. The aim of an algorithmic stablecoin is to provide a more stable price than a traditional cryptocurrency, which can be subject to large swings in value. There are a number of different algorithmic stablecoins on the market, each with its own approach to price stabilization. |
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