handleUSD is an innovative stablecoin in the crypto market that offers a unique approach to digital currency. As an overcollateralized CDP (Collateralized Debt Position) stablecoin, it ensures its stability and value by being fully backed by Ethereum. This stablecoin is soft pegged to the USD which results in a more secure and robust digital asset for investors and users alike.
What is handleUSD?
handleUSD stands as an exceptional example of a stablecoin in the cryptocurrency arena. It operates on the principle of overcollateralization, wherein its value is secured by a reserve of Ethereum. This makes handleUSD a reliable choice for investors looking for stable and less volatile digital assets.
Soft Pegging to USD
A distinguishing feature of handleUSD is its soft pegging to the USD. Soft pegging refers to a situation where a currency's value is tied to a range rather than a specific value. This method provides an additional layer of security to handleUSD, as it can adjust to market fluctuations more efficiently, enhancing its appeal to users and investors.
Overcollateralized CDP Stablecoin
The overcollateralization aspect of handleUSD ensures that the value of this stablecoin is supported by an excess of Ethereum held as collateral. It is one of the reasons for its impressive stability in a market known for its volatility. With handleUSD, investors can enjoy the advantages of cryptocurrency without the typical concerns about rapid price fluctuations.
In conclusion
handleUSD is revolutionizing the stablecoin sector with its overcollateralized CDP concept, backed by Ethereum and soft pegged to the USD. It offers a secure and stable digital asset alternative for investors and users seeking to balance out the volatility typically associated with cryptocurrencies.
handleUSD social statistic
16,029
Twitter followers
0
Telegram members
0
Reddit subscribers
0
Facebook likes