The v-dollar Hard Peg

At present, Vow currencies are priced by decree, by virtue of merchant commitments that accept them at face value in exchange for a discount on product. This arrangement effectively creates a retail peg to the underlying sovereign currency and satisfies the purchasing public without the need for collateral

However, for v-currencies to play a greater role in the world, particularly within financial markets where the constituency is not seeking product delivery in exchange, a firmer peg mechanism is required



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