tomcatuserNov 23, 2021 · 3 years ago7 answers Is it possible to use IAU as a stablecoin in the cryptocurrency ecosystem?
Can IAU be used as a stablecoin in the cryptocurrency ecosystem? IAU is a digital asset issued by BYDFi, a cryptocurrency exchange. I'm curious if it can function as a stablecoin, providing stability and reliability in the volatile cryptocurrency market. Is IAU designed to maintain a stable value like other stablecoins such as Tether (USDT) or USD Coin (USDC)? How does it achieve stability? Can it be used for everyday transactions and as a store of value?