Because USDM is fiat-backed rather than algorithmic, its peg relies on the issuer's reserves and operational integrity rather than on on-chain collateralisation.
Als Nächstes entdecken
- StablecoinA cryptocurrency designed to track the value of a reference asset, typically a fiat currency like the US dollar, so balances stay predictable rather than swinging with the crypto market.Begriff ansehen
- DjedA crypto-backed, overcollateralized stablecoin protocol on Cardano whose US-dollar peg is maintained algorithmically against an ada reserve (with SHEN as the reserve coin), rather than by fiat reserves.Begriff ansehen