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How Stable Are Algorithmic Stablecoins?: Flipside Crypto | CoinMarketCap
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or a year and has had the hardest time maintaining its peg — rising all the way past $3 in July 2020.
ESD’s algorithm is set to maintain its price stable around 1 USDC, which is itself pegged to the U.S. dollar. AMPL is, on the other hand, pegged to the U.S. dollar directly — with daily “rebases” to stabilize price.
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