Hard Peg

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It is an exchange rate policy where a cryptocurrency is set at a fixed rate against the other cryptocurrency. It is advantageous as they are simple and transparent where the supply of the cryptocurrency is fixed and known. This might make them easier to implement without breaking the anonymity of the transaction. Example: The Chinese Yuan had been pegged to the U.S. dollar at a fixed rate of 8.28 per dollar. Another one is the Tether (USDT) that has been pegged to the U.S. dollar.

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