Souleymane TimboNov 24, 2021 · 3 years ago7 answers Is it possible to use USD/CHF as a stablecoin in the cryptocurrency industry?
Can the USD/CHF currency pair be used as a stablecoin in the cryptocurrency industry? Stablecoins are cryptocurrencies that are designed to maintain a stable value, usually by being pegged to a fiat currency like the US dollar. However, the USD/CHF currency pair represents the exchange rate between the US dollar and the Swiss franc. Can this currency pair be used as a stablecoin in the cryptocurrency industry, and if so, what are the implications and challenges?