Difference between revisions of "Algorithmic Stablecoin"
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An algorithmic stablecoin actually uses an algorithm underneath, which can issue more coins when its price increases and buy them off the market when the price falls. | An algorithmic [[stablecoin]] actually uses an algorithm underneath, which can issue more coins when its price increases and buy them off the market when the price falls. | ||
Some algorithmic stablecoins include: | Some algorithmic stablecoins include: | ||
* Terra USD (UST) | * [[Terra]] USD (UST) | ||
* Empty Set Dollar (ESD) | * Empty Set Dollar (ESD) | ||
* Amplefort (AMPL) | * Amplefort (AMPL) | ||
Latest revision as of 02:50, 13 May 2022
An algorithmic stablecoin actually uses an algorithm underneath, which can issue more coins when its price increases and buy them off the market when the price falls.
Some algorithmic stablecoins include:
- Terra USD (UST)
- Empty Set Dollar (ESD)
- Amplefort (AMPL)
Sources:
https://coinmarketcap.com/alexandria/glossary/algorithmic-stablecoin