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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.
Fathom Dollar operates as a stablecoin under the Fathom Protocol, which identifies as a pivotal player in the decentralized finance arena. Positioned on the XDC Network, Fathom Dollar, or FXD, is meticulously structured to mirror the US dollar value while unlocking new dynamics in trade finance. The FXD stablecoin is heavily supported by XDC tokens, locked in smart contracts, ensuring a ready state of stability and collateral security. Through integrating real-world asset (RWA) tokenization, Fathom Protocol promises groundbreaking liquidity opportunities, particularly for MSMEs navigating the trade finance space. The project's focus on servicing these enterprises illustrates its tailored contribution to economic empowerment via decentralized finance. What distinctly differentiates Fathom Protocol within the DeFi space is its strategic blend of cutting-edge financial mechanisms with a community-centric governance model managed through a decentralized autonomous organization (DAO). This strategy affords stakeholders the capability to contribute to decision-making processes, building an operational framework that leverages collective insights for smarter, globally-aligned financial so...
Fathom Dollar operates as a stablecoin under the Fathom Protocol, which identifies as a pivotal player in the decentralized finance arena. Positioned on the XDC Network, Fathom Dollar, or FXD, is meticulously structured to mirror the US dollar value while unlocking new dynamics in trade finance. The FXD stablecoin is heavily supported by XDC tokens, locked in smart contracts, ensuring a ready state of stability and collateral security. Through integrating real-world asset (RWA) tokenization, Fathom Protocol promises groundbreaking liquidity opportunities, particularly for MSMEs navigating the trade finance space. The project's focus on servicing these enterprises illustrates its tailored contribution to economic empowerment via decentralized finance. What distinctly differentiates Fathom Protocol within the DeFi space is its strategic blend of cutting-edge financial mechanisms with a community-centric governance model managed through a decentralized autonomous organization (DAO). This strategy affords stakeholders the capability to contribute to decision-making processes, building an operational framework that leverages collective insights for smarter, globally-aligned financial solutions. The encompassing architectural framework of the Fathom Protocol extends beyond stable currency issuance. It comprehensively supports borrowing and lending markets facilitated by real-world asset collateralization, elevating users' stake participation into stable yield-generating opportunities. The project meticulously incorporates interoperability with ISO20022 standards, strengthening institutional trust and bridging traditional finance with novel decentralized fintech solutions. Security audits further solidify the integrity and operational soundness of the protocol, ensuring robust user protection mechanisms. As a result, Fathom represents a forward-thinking model in the DeFi sector, offering a synthesis of traditional and innovative finance that bolsters financial equity and inclusion, positioned to meet the evolving needs of global digital assets markets.
