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Crypto-Hunter

Is there a probability for usdx going zeros just like

UST?

#blockchain #cryptocurrency #english #kava
0

4 ответов

1 просмотр
Zero-

But USDX was backed with a part of TerraUSD what I read here, correct? So a part of the backing funds, where just hot air, backed by hot air. Kava should have known, that algorithmic stablecoins are not possible to realize.

0
14.05.2022
Crypto-Hunter Автор вопроса

Wow. I really understood. Thank you. That is the reason why usdx below 1.

0
14.05.2022
CryptoDaz-(Darren)
Crypto Hunter
Wow. I really understood. Thank you. That is the r...

It fell with UST as users could mint 99 USDX for every UST they supplied sold to BUSD and repeated That peg has now gone and the UST liquidated Much of that UST would have been bought up with USDX but details of that liqudation has not been announced yet

0
14.05.2022
CryptoDaz-(Darren)
Zero
But USDX was backed with a part of TerraUSD what I...

Only a relative small proportion, still the total assets well above USDX supply

0
14.05.2022

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