Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency, launched in December of 2013. While considered a meme and novelty coin by some, Dogecoin’s underlying framework comes from the same technology implemented by Litecoin. Occasional spikes in value are often attributed largely to popular memes and trending mentions on social media.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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