EOSDT is a decentralized stablecoin on the EOS blockchain, pegged to the USD and backed by EOS collateral, governed by a community DAO. More
Fully Diluted Valuation | $1.61M |
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24H Trading Volume | $1 |
24H Low / High | $0.00 / $ 0.00 |
Circulating Supply | 5.39 M |
Total Supply | 5.39 M |
Max Supply | ∞ |
Categories | Stablecoins |
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Founder | Alex Melikhov |
Name | Pair | OG Score |
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EOSDT is a stablecoin designed to maintain a steady value equal to the US dollar. It operates on the EOS blockchain and is supported by EOS collateral. Managed by a decentralized organization, EOSDT offers a stable and transparent digital asset for various uses.
How is EOSDT Secured?
EOSDT’s security comes from locking EOS collateral in smart contracts, which helps keep its value stable. These contracts are automated and regularly checked by third parties to ensure they work correctly. The decentralized nature of the EOS blockchain adds extra security, and users can also store their assets in hardware wallets for additional protection.
Uses of EOSDT
EOSDT is useful in several areas. It can be used as a stable currency in financial transactions and is also integrated into games like Decimated, where it acts as the main currency. Its stability makes it a good option for activities in decentralized finance (DeFi), such as lending and borrowing, and it might also play a role in digital identity solutions.
Recent Developments
EOSDT has made notable strides recently. It is now available on major exchanges, increasing its accessibility and trading volume. The addition of leverage trading options, up to 10x and even 100x for derivatives, has attracted various types of traders. As the first USD-pegged stablecoin on the Equilibrium framework and the EOS blockchain, EOSDT continues to make waves in the digital finance world.
Conclusion
EOSDT is a stable and secure digital asset with a variety of applications. Its backing by EOS collateral, decentralized management, and recent developments make it a significant player in the cryptocurrency market.
EOSDT is unique as a decentralized stablecoin on the EOS blockchain, pegged to the US dollar and backed by EOS collateral, with governance managed by a community-led DAO. Its use of smart contracts ensures transparency and stability in its operations.
EOSDT was developed by the Equilibrium team led by Alex Melikhov.
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