Here we have other cryptocurrencies as ballast, they are usually supported by a “basket” of them. This serves for a better distribution of risk, since the risk of volatility is less with a group of cryptocurrencies instead of a single one, thus better absorbing the price fluctuations of the assets included in this basket. Example: DAI
Yehh correct, this sounds like Hives HBD, but not exactly because instead of being backed by a basket of its own coins, it is backed by Hive. He he, cool stuff...
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