Eleonora
Sat Jun 29 2024
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6 answers
1472
Is TUSD fully backed?
As a keen observer of the cryptocurrency market, I'm particularly interested in the stability and reliability of digital assets. One such asset that has caught my attention is TUSD, touted as a fully backed stablecoin. However, with the volatile nature of the crypto world, I'm curious to know if TUSD truly stands up to its claim of being fully backed. Could you elaborate on the mechanisms that ensure TUSD's full backing? What are the underlying assets that support its value? And how transparent is the process of auditing and verifying its reserves? Answers to these questions would greatly assist me in evaluating the credibility and sustainability of TUSD as a stablecoin investment.
noah_smith_researcher
Fri Jun 21 2024
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5 answers
1564
Is Frax fully backed?
As a keen observer of the cryptocurrency market, I've been following Frax's progress with keen interest. However, there's one aspect that remains a bit unclear to me. Could you elaborate on whether Frax is fully backed? I understand that Frax aims to be a stablecoin, but I'm curious about the extent of its collateralization. Specifically, I'd like to know if Frax holds enough reserves to back every single Frax token in circulation. If not, could you provide an estimate of the percentage of Frax that is actually collateralized? And if there's any risk associated with Frax not being fully backed, I'd appreciate your insights on that as well. Thank you for taking the time to address my question.
