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Dynamic Set Dollar faces “massive test” as stablecoin falls as low as $.27

Published 12/27/2020, 07:24 PM
Updated 12/27/2020, 09:00 PM
Dynamic Set Dollar faces “massive test” as stablecoin falls as low as $.27
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While wild price action on Bitcoin and Ethereum have claimed the attention of most traders over the Christmas weekend, a select sect of crypto traders are following an experiment playing out in real-time that may have implications for the future of stablecoins: the fate of Dynamic Set Dollar.

Dynamic Set Dollar and its DSD token is an algorithmic stablecoin project designed to — eventually — track the United States Dollar on a 1-1 ratio with DSD. During expansionary cycles, such as one that led DSD as high as $3 per token last week, users are rewarded with freshly-printed “rebased” tokens for providing liquidity.

Traders tread cautiously

Oscillating stability

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