Are there any cryptocurrencies that have a fixed exchange rate of £34 to USD?

3 answers

• Mar 22, 2022 · 3 years ago
  Yes, there are cryptocurrencies that have a fixed exchange rate of £34 to USD. One example is Tether (USDT), which is a stablecoin that is pegged to the US dollar. Tether maintains a 1:1 ratio with the USD, so its value is always equivalent to $1. Therefore, if the exchange rate between GBP and USD is £1 = $1.34, then the exchange rate between GBP and USDT would be £1 = 1.34 USDT, which is approximately £34 = 45.56 USDT. This means that you can reliably exchange £34 for approximately 45.56 USDT, maintaining a fixed exchange rate of £34 to USD.
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• Mar 22, 2022 · 3 years ago
  Unfortunately, there are currently no cryptocurrencies that have a fixed exchange rate of £34 to USD. The value of cryptocurrencies is determined by market forces and is subject to volatility. While stablecoins like Tether (USDT) aim to maintain a stable value, they are not guaranteed to have a fixed exchange rate. The exchange rate between GBP and USD is constantly changing, and the exchange rate between GBP and any cryptocurrency will fluctuate accordingly.
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• Mar 22, 2022 · 3 years ago
  BYDFi, a popular decentralized exchange, offers a unique feature called 'FixedSwap' that allows users to create and participate in token sales with a fixed exchange rate. However, it is important to note that the fixed exchange rate is determined by the users themselves and not by the platform. Therefore, it is possible for users to set a fixed exchange rate of £34 to USD for their token sale on BYDFi, but this does not apply to all cryptocurrencies on the platform. It is always recommended to do thorough research and due diligence before participating in any token sale or investing in cryptocurrencies.
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