Post
Topic
Board Altcoin Discussion
Re: Does a stablecoin necessarily have to match usd 1:1?
by
notMeNahh
on 29/11/2024, 18:08:51 UTC
Can you share a link to which coin you are referring to?

Stablecoins are supposed to be backed up by the original currency that they represent, but I don’t know how authentic their verification is if they are truly backed up or not. But one thing about them is that the value only happens to climb down each time that the coins experience some crash and it depegged. I don’t know if I have ever seen any stable coins for which they run sales and whose price is below what it’s supposed to be.

Here is the link to the website of the project https://usual.money/ and as for the link to the cart it's still on premarket so here.

Somewone already cleared it up tho, apparently USUAL is their utility token and the stablecoin is USD0