Is Ampleforth (AMPL) cryptocurrency a stablecoin?

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Ampleforth (AMPL) is a cryptocurrency and financial building-block. It has a mechanism to dynamically adapt the supply based on the price with the intention to keep it pegged to $1. Having that in mind there is a question to answer...

Is Ampleforth (AMPL) cryptocurrency a stablecoin?

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Is Ampleforth (AMPL) cryptocurrency a stablecoin? | Ecency