#DigiDollar is a proposed stable digital currency that would always equal $1 USD, created by locking up DigiByte (DGB) as collateral. $DGB would become a strategic reserve asset - with only 21 billion max supply (just 1.94 DGB per person on Earth), it's a truly finite asset backing the stability of DigiDollars.
Unlike traditional stablecoins backed by bank accounts, DigiDollar would be the world's first truly decentralized stablecoin on a UTXO blockchain. No company or bank would control it.
Most importantly: Everything would happen directly in your #DigiByte Core wallet - you would never give up control of your private keys or trust a third party.
Show original5.06K
151
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.