risk disclosure 3 stablecoins can lose their peg

Stablecoins aim to hold the value of a currency such as the US dollar or euro, but this depends on the issuer and the assets behind them. Stablecoins have traded below their target, sometimes far below, for hours or days, and Velorin does not guarantee the value of any stablecoin [1].

Sources

• [1] Risk disclosure

Answered from the Velorin Pay knowledge base.

Follow-up questions

• Risk disclosure — 4. Transfers cannot be reversed
• Risk disclosure — 5. Spending is selling
• Risk disclosure — 6. Service and network risk

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