All Collections
Frequently Asked Questions (FAQ)
VNX fiat-referenced tokens (VEUR and VCHF)
How can I trust that VNX stablecoins are equivalent to a respective currency?
How can I trust that VNX stablecoins are equivalent to a respective currency?
VNX Admin avatar
Written by VNX Admin
Updated over a week ago

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.

Did this answer your question?