Curated News
By: NewsRamp Editorial Staff
May 06, 2024

XT Lists USDM (USD MAPPED TOKEN) on Trading Platform

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TLDR

  • XT's listing of USDM(USD MAPPED TOKEN) offers traders the advantage of accessing a stablecoin pegged to the US Dollar.
  • USDM is an ERC-20 token deployed on the Ethereum layer-1 blockchain with a max supply of 6.5 billion tokens, maintaining a one-to-one reserve ratio between the stablecoin and the US Dollar.
  • USDM provides individuals and organizations with a decentralized mechanism for value exchange, fostering a culture of trust and accountability crucial for financial success.
  • USDM introduces a revolutionary security protocol by harnessing the Ethereum blockchain's smart contract technology, setting a new standard in security and mitigating risks associated with digital transactions.

Impact - Why it Matters

The listing of USDM on XT's trading platform signifies a significant milestone in providing users access to innovative and reliable financial instruments. USDM's stability and security, backed by the US Dollar, sets a new benchmark for digital currencies, offering a seamless and cost-effective vehicle for various financial transactions. This move empowers the global economy and instills confidence in the cryptocurrency market.

Summary

XT, the world’s first socially infused trading platform, has listed USDM (USD MAPPED TOKEN) on its platform in the Main Zone (DeFi) and the USDM/USDT trading pair has started trading. USDM is an ERC-20 stablecoin pegged to the US Dollar, providing stability and security through blockchain technology. The addition of USDM to the platform marks a significant milestone in offering users access to innovative and reliable financial instruments, according to Albin Warin, CEO of XT. USDM is not just a token of value but a symbol of innovation and reliability in the bustling marketplace of digital assets.

Source Statement

This curated news summary relied on content disributed by BlockchainWire. Read the original source here, XT Lists USDM (USD MAPPED TOKEN) on Trading Platform

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