I came across this Blackrock backed stablecoin called usual and from it's current pre-market price it's around 0.3 a pop. My question is why is there a premarket for a stablecoin and why is there talk of a dip or pump about the token on twitter.
Just curious genuinely, some enlighten me haha
Blackrock did not issue any cryptocurrency. I have checked in Google and I could not find a single cryptocurrency issued by blackrock. Can you please share a piece of news related to this one?
For a stable coin, the main idea is that, they will be backed by some real assets. It could be dollar, it could be gold, it could be anything. But it must be backed by something. However, due to external factors, the price of a stable coin can sometime fluctuate. But this is not a regular occurrence.