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. VNX hedges the value of gold and currency exchange rate fluctuation risk to achieve market parity between assets in the reserve and stablecoin’s reference value in fiat currency.
Written by VNX Admin
Updated over a week ago