Quote:
Originally Posted by karl262
There are stable coins that try to do that like tether. They just keep minting new coins to keep the value as close to 1 USD as possible, I would assume they can burn coins too but not sure.
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Yeah Tether and DAI use AI/smart ETH contracts to keep their value at $1 USD. They use some complicated collateral and token burning systems beyond minting to keep things as close as possible.