The company ensures the correlation of the stablecoin rate with the fiat currency rate using the reserve that the stablecoin is backed with. VNX forms a reserve as a basis for generation of stablecoins. The amount of the reserve must not be lower than the reference value of a stablecoin in fiat currency.
How can I trust that VNX stablecoins are equivalent to a respective currency?
Written by VNX Admin
Updated over 12 months ago