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Are there any crypto currencies based on U.S. dollars?

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We all know about bitcoins, but I was wondering if there are any cryptocurrencies based on the U.S. dollar?

Mr J 5
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No. A currency that is based on the US Dollar would change in value everytime the US Dollar changed in value (ex. US Federal Researve changed a policy). This would defeat the purpose of crypocurrencies because they would lose their decentralized nature. https://en.wikipedia.org/wiki/Cryptocurrency

Erin 30
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