Equilibrium EOSDT

Equilibrium EOSDT

EOSDT
$0.864568

Key Metrics

Price$0.864568
Real Volume (24H)$0.12
Marketcap$4,662,001
Fully Diluted ValuationN/A
ATH$25
ATH Date12/13/2021, 7:49:54 AM
ATL$0.0000866
ATL Date12/8/2021, 4:58:57 PM
Circulating Supply5.4M
Total Supply5.4M
WebsiteN/A
WhitepaperN/A
Popularity Rank1090
Chart
What is Equilibrium EOSDT?

EOSDT is a decentralized stablecoin that is built on the Equilibrium framework and the EOS blockchain, and it is pegged to the US dollar. According to its developers, it is the first decentralized stablecoin to be pegged to the US dollar. This stability is made possible by the fact that every EOSDT token is backed by EOS collateral, which is held in smart contracts. This ensures that the supply of EOSDT remains stable and that it is always backed by a tangible asset.

The EOSDT stablecoin is designed to add liquidity to the market by leveraging the underlying EOS cryptocurrency. This provides an added layer of security and stability to the stablecoin, as EOS is a well-established cryptocurrency with a large market capitalization. Additionally, the EOSDT stablecoin is completely transparent, which means that users can verify that their tokens are backed by EOS collateral at any time.

EOSDT was created to address some of the key issues that are associated with traditional cryptocurrencies, such as volatility and lack of stability. By pegging EOSDT to the US dollar, it offers users a stable alternative to traditional cryptocurrencies. This stability makes it an ideal choice for use in a variety of applications, including remittances, payments, and trading.

One of the key benefits of using EOSDT is its ability to provide stability and security to its users. Because every EOSDT token is backed by EOS collateral, users can be assured that their tokens are always worth their stated value. This makes it an ideal choice for individuals and businesses that are looking for a reliable and secure payment method.

Another benefit of using EOSDT is its flexibility. Because it is built on the EOS blockchain, it can be used in a variety of applications and can be easily integrated into existing systems. This makes it an ideal choice for businesses that are looking to add a stablecoin to their payment processing systems.

Overall, EOSDT is a stablecoin that provides users with stability, security, and flexibility. It is backed by a tangible asset and is completely transparent, which ensures that users can trust in the stability of the token. Additionally, it is built on the EOS blockchain, which makes it an ideal choice for a variety of applications.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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