Fathom Dollar (FXD) is a decentralized stablecoin launched in 2023 on the XDC Network. Softly pegged at 1.007 USD, FXD leverages XDC's fast, scalable, and secure platform, while being over-collateralized by the XDC Token in secure smart-contract vaults. With a total supply of approximately 2.7 million FXD and no circulating supply currently, it plays a crucial role in trade finance by aiding MSMEs in accessing alternative funding sources. FXD operates within 22-23 markets daily, with trading volumes ranging from $10,000 to over $1,000,000, indicating substantial market engagement. Managed by Fathom DAO, it aims to provide a stable financial tool with minimal transaction costs, enhancing economic growth and job creation globally. Additional resources and integration capabilities are accessible via their website, Fathom.fi, and portal.tradefinex.org.
Fathom Dollar (FXD) is a decentralized stablecoin launched in 2023 on the XDC Network. Softly pegged at 1.007 USD, FXD leverages XDC's fast, scalable, and secure platform, while being over-collateralized by the XDC Token in secure smart-contract vaults. With a total supply of approximately 2.7 million FXD and no circulating supply currently, it plays a crucial role in trade finance by aiding MSMEs in accessing alternative funding sources. FXD operates within 22-23 markets daily, with trading volumes ranging from $10,000 to over $1,000,000, indicating substantial market engagement. Managed by Fathom DAO, it aims to provide a stable financial tool with minimal transaction costs, enhancing economic growth and job creation globally. Additional resources and integration capabilities are accessible via their website, Fathom.fi, and portal.tradefinex.org.
Fathom Dollar (FXD) is a decentralized, stable-price cryptocurrency launched in 2023 by Fathom DAO on the XDC Network. It serves as a stable medium of exchange, maintaining a value of about 1.007 USD. FXD provides a stable financial tool, leveraging the XDC Network's low transaction costs, speed, and scalability.
FXD is an over-collateralized stablecoin pegged to the U.S. dollar. It achieves its stability through reserves of XDC tokens securely held in smart-contract vaults. The design ensures that FXD can maintain its approximate value of 1 USD, with minimal fluctuation, providing a reliable currency for transactions.
FXD benefits from the XDC Network’s fast transactions, low fees, and high security. As a stable like USDT, it offers users stable value with reduced transaction costs and increased access to capital, especially for MSMEs using platforms like portal.tradefinex.org and fathom.fi.
FXD addresses trade finance gaps for MSMEs by providing direct access to capital through blockchain-based solutions. This financing avenue is faster and more cost-effective, leveraging the XDC Network's capabilities. The FXD protocol fosters economic expansion and business growth for MSMEs across its trading platforms.
Fathom Dollar (FXD) is actively traded on 22 to 23 markets, with a daily trading volume reaching up to $1 million. These market platforms provide liquidity and accessibility, allowing users to trade FXD efficiently.
For any issues related to FXD transactions, users should first ensure they are using a supported platform like portal.tradefinex.org or fathom.fi. Consulting the platform's support resources is recommended for troubleshooting. Always ensure a secure internet connection and wallet setup to prevent transaction issues.
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