Is LUSD stablecoin backed by any physical or digital assets?

3 answers

• May 05, 2022 · 3 years ago
  LUSD stablecoin is backed by a combination of physical and digital assets. The physical assets include a reserve of fiat currencies, such as USD, held by a trusted custodian. The digital assets include a pool of cryptocurrencies, such as Bitcoin and Ethereum, which are held in smart contracts. This dual backing ensures the stability and security of LUSD.
  356

  178
• May 05, 2022 · 3 years ago
  Yes, LUSD stablecoin is backed by both physical and digital assets. The physical assets provide stability and a tangible value, while the digital assets add flexibility and transparency to the backing. This combination makes LUSD a reliable and trustworthy stablecoin in the cryptocurrency market.
  297

  99
• May 05, 2022 · 3 years ago
  LUSD stablecoin is backed by a diverse portfolio of physical and digital assets. The physical assets include a reserve of major fiat currencies, such as USD, EUR, and GBP, held in secure bank accounts. The digital assets include a mix of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, held in cold storage wallets. This diversified backing ensures the stability and liquidity of LUSD.
  396

  99