Stable Tokens
Stable Tokens in Unit Network provide essential stability amidst cryptocurrency volatility, offering users a reliable and transparent alternative for transactions and asset management.
Acquiring Stability:
Users can acquire stable tokens directly from the stable token bank using reserve assets, which serve as collateral to back each token’s value, establishing a secure foundation.
Alternative to Volatility:
Users can acquire stable tokens directly from the stable token bank using reserve assets, which serve as collateral to back each token’s value, establishing a secure foundation.
Support Mechanism:
Each stable token operates on a straightforward collateral and pegging model, backed by diverse reserve assets rather than complex algorithms. Over-collateralization and real-time transparency ensure that users always see the total backing value and asset distribution.
Versatility in Use:
While USDU is the primary stable token, all stable tokens function identically. They enable token purchases, reserve asset acquisition from the exchange, liquidity pool staking, contributions to the UNIT Treasury, and provide stability as a medium of exchange.
USDU and Stable Tokens:
USDU is the primary stable token on Unit Network, yet all stable tokens offer identical functionality across the ecosystem. Key uses of USDU include:
- Purchasing tokens or reserve assets from the exchange.
- Liquidity Pool Staking to support network stability.
- UNIT Treasury Contribution through a 0.5% fee on platform exchanges.
- Providing Stability as a reliable medium of exchange and payment, especially compared to user-generated tokens.
Overall, stable tokens within Unit Network provide users with stability, transparency, and versatile use, making them an effective solution for navigating the cryptocurrency landscape.
In addition to USDU, 21 other stable tokens represent major global currencies, broadening access and utility across the network.
- USDU: United States Dollar
- GBPU: British Pound
- EURU: Euro
- AUDU: Australian Dollar
- CADU: Canadian Dollar
- BRLU: Brazilian Real
- ZARU: South African Rand
- TRYU: Turkish Lira
- RUBU: Russian Ruble
- JPYU: Japanese Yen
- SGDU: Singapore Dollar
- NOKU: Norwegian Krone
- MXNU: Mexican Peso
- PLNU: Polish Zloty
- INRU: Indian Rupee
- SEKU: Swedish Krona
- NZDU: New Zealand Dollar
- HKDU: Hong Kong Dollar
- CNYU: Chinese Yuan
- CHFU: Swiss Franc
- KRWU: South Korean Won
- IDRU: Indonesian Rupiah