Unlike asset-backed stablecoins like tether (USDT) and USDC, whose value is secured against dollars or dollar-equivalents such as U.S. government debt, USDe calls itself a synthetic stablecoin with its $1 value maintained through a financial technique known as the cash-and-carry trade. The trade, which involves buying an asset and simultaneously shorting a derivative of the asset to collect the funding rate, or the difference between the two prices, is well known in traditional finance and doesn’t carry directional, or delta, risk.
Free Web3
Web3 Liberation from Postmodernism’s Stranglehold: The Art Renaissance By VESA Postmodernism isn’t just an art issue—it’s everywhere. This single, pervasive...
