As in the MEP dollar, the implicit exchange rate arises from the relationship between the sale value in dollars and the purchase price in pesos, plus transaction costs. Generally, the quotation is a value between Dolar blue and cash with liquidation (which is used to take dollars abroad).
As it is not a direct purchase of dollars, but of a dollarized asset, the operation is not restricted. That is, the buying and selling of crypto is for outside the traditional foreign exchange market. So, trading and trading are not suspended on weekends or holidays. They work 24 hours. It should be noted that the most used operations are Tether USDT, USD Coin and Binance USD.
Unlike the popular “altcoins”such as Bitcoin or Ethereum, in which the value lies in the loyalty of its cryptocurrency community, the “stablecoins” are associated with the value of a currency “fiat”, such as the dollar or the euro, to material goods, such as gold or oil. and even to another cryptocurrency.
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There’s also stablecoins which are controlled with algorithms to keep their price stable. In any case, they result attractive places to take refuge in times of financial uncertainty. The four most recognized in terms of trading volume are DAI, USDT, USDC and BUSD.
Source: Ambito
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