Quote from: poodle63 on March 23, 2020, 11:53:09 PM

Quote from: rewalker on March 23, 2020, 07:04:35 PM

Hi there,

Is there any coin which its price is stabilized with crude oil? For example equal to a barrel of crude oil?

There was only a stable coin that backed by oil and that's petro but it looks like a failed coin even that has already made by the president of venezuela. I think that we don't need such coin and it's better there was a coin that backed by stable commodity to make it becomes stable. There is no coin backed by crude oil right now.

I have heard about petro coin last year. I don't see any news about it since that time, maybe Maduro gives up this coin because no one accept to use it.