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WEMIX
About WEMIX
WEMIXUSD is a stablecoin collateralised with USDC, designed to facilitate transactions and value storage within the WEMIX ecosystem. It supports various DApps and services, ensuring stable value transfer and ecosystem growth through the DIOS protocol's TIP and TOP mechanisms. The development of WEMIXUSD aligns with the broader goals of the WEMIX platform to integrate blockchain technology with gaming and financial services.
WEMIXUSD is a stablecoin fully collateralised with USDC, designed to facilitate value flow within the WEMIX mega-ecosystem. As a stablecoin complementing the WEMIX Coin, WEMIXUSD serves as a store of value, unit of account, and medium of exchange. It ensures stability through pegging with USDC, supported by a secure protocol involving Treasury, MINT, and DIOS components.
WEMIXUSD is utilised to stimulate economic value within the WEMIX ecosystem, which includes various DApps and services like gaming, WEMIX.Fi, NILE, and WEMIX PLAY. It allows seamless value transfer between these services by maintaining a stable exchange rate with USDC. This stablecoin supports the ecosystem's expansion by ensuring liquidity and preventing value depegging through the DIOS protocol, which employs TIP and TOP mechanisms for price stabilisation.