Freedom Dollar

Freedom Dollar (fUSD) is an over-collateralized, algorithmic stablecoin designed to maintain the purchasing power of one U.S. dollar. It operates on the Zano privacy blockchain and is backed by ZANO tokens, providing a decentralized and secure alternative to traditional digital dollars without requiring KYC or administrative control.

Freedom Dollar ensures price stability by backing each fUSD with a reserve of ZANO tokens. This reserve exceeds its liabilities by a factor of ten and includes mechanisms such as staking and compounding to enhance the reserve buffer, thereby maintaining the value pegged to one U.S. dollar.

Freedom Dollar inherits the privacy features of the Zano blockchain, utilizing ring signatures and stealth addresses. This ensures that fUSD transactions are secure, private, and censorship-resistant, allowing users to transact without exposing their identities or transaction details.

You can contribute to the decentralization of Freedom Dollar by running an open-source market-making node. This participation helps distribute control across the network, enhancing its resilience and reliability while supporting its overall stability.

Choosing Freedom Dollar over other stablecoins provides the advantage of high over-collateralization and robust privacy features. The absence of KYC and administrative controls offers users a truly decentralized, permissionless experience that is secure and resistant to censorship.

If you encounter issues using Freedom Dollar, consider checking the official documentation and community forums for guidance, as they often provide solutions to common problems. Additionally, engaging with the community through discussion channels can provide support and answers from experienced users and developers.