PieDAO Launches USD++ to Reduce Risks With ‘Unstable-Coins’ By Cointelegraph

PieDAO Launches USD++ to Reduce Risks With ‘Unstable-Coins’ By Cointelegraph

PieDAO Launches USD++ to Reduce Risks With ‘Unstable-Coins’

PieDAO has launched USD++, a hedged basket of USD-denominated (ETH)-based stablecoins. The decentralized organization is aiming to reduce the risks associated with holding stablecoins over the longer term and using decentralized finance (DeFi) protocols.

PieDAO USD++ contains four stablecoins which have been weighted in such a way as to minimize price volatility for holders. Weightings are determined according to which stable tokens have the strongest peg, largest market, and greatest trust from the community.

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