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polkadot
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tron
TRON (TRX) $ 0.113439
bitcoin
Bitcoin (BTC) $ 69,048.50
ethereum
Ethereum (ETH) $ 3,782.27
tether
Tether (USDT) $ 0.999107
bnb
BNB (BNB) $ 601.95
usd-coin
USDC (USDC) $ 0.999111
xrp
XRP (XRP) $ 0.536823
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.170705
cardano
Cardano (ADA) $ 0.459798
solana
Solana (SOL) $ 164.21
matic-network
Polygon (MATIC) $ 0.721829
polkadot
Polkadot (DOT) $ 7.42
tron
TRON (TRX) $ 0.113439
More

    Frax’s shift to a totally backed stablecoin alerts the top of DeFi’s algorithmic experiment

    Latest News

    The Frax neighborhood lately accepted a proposal to make its FEI stablecoin absolutely backed by USD equivalents, fairly than sustaining {a partially} backed and semi algorithmic stablecoin. With Frax’s resolution, the times of experimentation with algorithmic stablecoins may lastly be behind us.

    The decentralized stablecoin house has solely proved efficient with ETH, USDC and BTC backed stablecoins. The failure of algorithmic stablecoins (like UST) and depegging of overleveraged stablecoins (like MIM) has turn into one of many major causes for lack of confidence in decentralized stablecoins.

    90-day shifting common of decentralized stablecoin switch quantity. Supply: Dune

    Proceed Studying on Coin Telegraph

    See also  Stablecoin much less preferable type of tokenized cash, BIS paper finds

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