The uniqueness of ᵛcurrencies is that in contrast to fiat currencies, the majority of stable coins and complementary currencies,
14 Jul 2021, 14:33
The uniqueness of ᵛcurrencies is that in contrast to fiat currencies, the majority of stable coins and complementary currencies, there is no central company, government, private party, or asset required to promise to put a backstop value to them at any time.
Additionally, there is no company, government, or individual holding an investment asset stated to provide ᵛcurrencies with underlying value, as would be the case with all stable coins, including Facebook’s Libra.
Each ᵛcurrencies is also not “almost” linked to a fiat currency, as is the case of the Maker Dao stable coin model. Although certainly ingenious, Dao constantly fluctuates within certain bounds due to market demand. As such, Dao can never be an exact match of a fiat value.
In contrast to every known stable coin and complementary currency, each ᵛcurrencies remains precisely stable in price, with a definitive backstop value that is equal 1:1 to local fiat currency in all ecosystem merchants at all times.
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