Questions tagged

Elena Fri Jun 28 2024 | 6 answers 1036

Is TUSD an algorithmic stablecoin?

Could you elaborate on whether TUSD, or TrueUSD, is an algorithmic stablecoin? I'm particularly interested in understanding how it differs from other stablecoins that rely on algorithmic mechanisms to maintain their pegged value. Does TUSD utilize any algorithmic adjustments or does it rely solely on collateralization and auditing to maintain its stability? Clarifying this distinction would help me better assess the risks and benefits associated with investing in TUSD compared to other types of stablecoins.

BusanBeautyBloom Fri Jun 28 2024 | 7 answers 1627

Is ribbon finance Aevo?

I don't understand this question. Could you please assist me in answering it?

DigitalDragon Fri Jun 28 2024 | 6 answers 995

Is IoTeX legit?

Could you please elaborate on the legitimacy of IoTeX? There seems to be some buzz around this blockchain project, but with so many cryptocurrencies and tokens emerging, it's hard to determine authenticity. What are the key factors that determine if IoTeX is legitimate? Are there any regulatory frameworks it adheres to? How does its technology stack up against competitors? What about its team and community? Any insights you could provide would be greatly appreciated as I consider investing in this project.

JejuJoy Thu Jun 27 2024 | 5 answers 1540

What is the FRAX rate?

Excuse me, I'm a bit of a novice in the cryptocurrency world and I've been hearing a lot about FRAX lately. Could you please explain to me in simple terms what the FRAX rate is? I understand it's some sort of stablecoin, but I'm not quite sure how its rate is determined or what factors influence it. Is it pegged to a specific fiat currency? And how does its price stability compare to other similar cryptocurrencies? Any insight you could provide would be greatly appreciated.