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RE: World's first fiat deposit via EasyDEX is complete

in #easydex • 6 years ago

I don't get it, is EASYDEX.US on par with bitUSD? I have an euro account.. but I think liquidity for bitEUR is really low. I've also used TransferWise so this info is gold!

6 years ago in #easydex by
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     6 years ago 

    EASYDEX.US is actually a User Issued Asset that EasyDEX created. Each EASYDEX.US coin is pegged to the value of $1 USD. It's basically the same as Open.USD which is the UIA from Openledger.

    It's not like bitUSD because that's a trustless smartcoin.

    If you transfer EUR into the EasyDEX then you will receive EASYDEX.EU. They will provide the needed liquidity for the EASYDEX.EU/BTS market so you can do something with your deposit.

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     6 years ago 

    EASYDEX.US is actually a User Issued Asset that EasyDEX created. Each EASYDEX.US coin is pegged to the value of $1 USD. It's basically the same as Open.USD which is the UIA from Openledger.

    Right so it follows bitUSD which is a smartcoin but it isn't a smartcoin, so why do I have to trust a coin?

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