"Hailed as an evolution of the "stablecoin" concept, basecoin is lauded by investors for its unique approach to what's been called the "holy grail" of cryptocurrency - a digital asset able to keep its value free from volatility."
"At a high level, the idea is that the basecoin protocol can be pegged to the value of any asset or basket of any assets, dynamically adjusting its market price through the creative use of a combination of tokens."
Credits CoinDesk
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