The value of crypto dollarthe only exchange rate available on holidays, experience a drop in 1.6% in the last 24 hours, reaching $719.96.
This places it below the dollar exchange rate. bluewhich retains its value relative to at last Friday’s close, which was $720.
It should be remembered that the crypto dollar It operates completely digitally, which allows it to be available 365 days a year, 24 hours a day.
Specifically, cryptocurrencies are purchased through virtual wallets. But They are not all cryptocurrencies, but only the so-called stablecoins (stable coins) whose value is tied to that of the US dollar.
For its part, the 3 most traded are Tether(USDT), USD Coin(USDC) and Dai(DAI).The parity is a DAI, a USDT or a USDC, whose value is equal to one dollar. Like 30 years ago, with convertibility, but instead of pesos, cryptocurrencies.
Regarding its transactions, since the purchase and sale of cryptocurrencies is outside the traditional exchange market, quotes and trading are not suspended on weekends or holidays or after 3pm when banks close: they are still available 24/7 trading. In other words, you can buy crypto dollars not only from Argentina but from anywhere in the world.
The crypto dollarnot being regulated, offers a more speculative and riskier option but for this reason, it is no less attractive for those who want to get away from the formal market and enter a world of uncertainty, volatility and the prospect of profits without outside intervention.
And to understand because this crypto dollar operates on weekends, It is enough to understand that transactions in cryptocurrencies are found by outside the traditional exchange market, therefore, their quotes and operations are not suspended at any time of the day.
Source: Ambito
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