xBacked

    Description

    A Decentralized Stablecoin For Algorand xBacked is a DAO building a decentralized, over-collateralized stablecoin backed by ALGO, xUSD.

    xBacked is building a decentralized, permissionless stablecoin on Algorand, fully backed by crypto assets instead of centralized assets. No central entity controls the issuance of xUSD and other tokens the xBacked protocol might build in the future.

    What does this mean?

    Algorand as an ecosystem is culturally all for decentralization. The xBacked protocol brings a stable, decentralized, form of exchange to the ecosystem.

    Open
    Open 24h today

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    • Sunday

      Open 24h

      • 25 marzo, 2023 9:37 pm local time

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