I saw this post and having a hard time figuring out what it is or how it works. How does it differ from other forms of crypto?
https://financialpost.com/fp-finance/cryptocurrency/what-you-need-to-know-about-the-rout-that-just-wiped-200-billion-off-the-cryptocurrency-market-in-one-day
In: 5
In essence, a cryptocurrency designed so that is value is pegged to that of some other value, such as that of a US dollar.
This peg is maintained by various favors, such as code that automatically issues/burns a related token (I’m the case of Terra) or is backed by the issuer ‘s reserves.
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