2 hours ago · 2 min read
BAC Basis Cash
24H Price Chart
Table of Contents
Source: BACUSD Chart by TradingView
Basis Cash (BAC) is a stablecoin, which the protocol aims to keep value-pegged to 1 US Dollar.
Basis is an algorithmic stablecoin protocol where the money supply is dynamically adjusted to meet changes in money demand.
- When demand is rising, the blockchain will create more Basis Cash. The expanded supply is designed to bring the Basis price back down.
- When demand is falling, the blockchain will buy back Basis Cash. The contracted supply is designed to restore Basis price.
- The Basis protocol is designed to expand and contract supply similarly to the way central banks buy and sell fiscal debt to stabilize purchasing power.
All images, branding and wording is copyright of Basis Cash. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.