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Fathom Dollar (FXD) is a decentralized stablecoin launched in 2023 on the XDC Network by Fathom DAO. Designed to provide a stable value softly pegged to the U.S. dollar, FXD has a current supply of 2,699,712.066394 and trades actively on 22 to 23 markets with daily volumes around $426,288. Its stable value, approximately 1.007 USD, is backed by over-collateralized XDC Tokens held in smart-contract vaults. FXD aims to support micro, small, and medium-sized enterprises (MSMEs) by providing access to alternative investors and capital for business growth via portals like tradefinex.org and fathom.fi. The Fathom Protocol offers liquidity solutions, allowing users to mint FXD by depositing XDC, participating in yield opportunities, and integrating crypto with real-world assets. The XDC Network ensures FXD's transactions are fast, secure, and cost-effective, benefiting from scalability and low fees, and serving as a reliable, stable exchange medium.
Fathom Dollar (FXD) is a decentralized stablecoin launched in 2023 on the XDC Network by Fathom DAO. Designed to provide a stable value softly pegged to the U.S. dollar, FXD has a current supply of 2,699,712.066394 and trades actively on 22 to 23 markets with daily volumes around $426,288. Its stable value, approximately 1.007 USD, is backed by over-collateralized XDC Tokens held in smart-contract vaults. FXD aims to support micro, small, and medium-sized enterprises (MSMEs) by providing access to alternative investors and capital for business growth via portals like tradefinex.org and fathom.fi. The Fathom Protocol offers liquidity solutions, allowing users to mint FXD by depositing XDC, participating in yield opportunities, and integrating crypto with real-world assets. The XDC Network ensures FXD's transactions are fast, secure, and cost-effective, benefiting from scalability and low fees, and serving as a reliable, stable exchange medium.
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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