Blockchain platform FantomFDN said it will release a new version of its fUSD stablecoin to provide a more predictable and budget-friendly system. By shauryamalwa
The new version will allow the stakeholders to allocate fees in either fantom or fUSD and to predict future costs based on usage, the developers said. It will allow programmers to build additional institutional products for users and provide a more consistent system for planning and budgeting for grants.
Stablecoins are tokens pegged to fiat currencies, such as the U.S. dollar, and are often backed by a token or a basket of other tokens. applications built on the system, such as those for lending, trading and borrowing. The migration to the new fUSD will result in the liquidation of any positions where fUSD debt is equal or greater than the FTM backing it. Liquidation happens when a trader has insufficient funds to keep a leveraged trade open.stablecoin to fUSD and settle their outstanding debt.
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