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📢🚀 The USTC stablecoin in the Terra ecosystem experienced a sudden rise on November 26, increasing by 250% in 1 hour, from 0.02 USDT to 0.05 USDT. USTC's popularity has increased due to the prospects of a new stablecoin project called Mint Cash. 🔥
🤔 What is Mint Cash?
Mint Cash is a BTC-backed stable cryptocurrency system and aims to provide stable and efficient payment and savings solutions by combining the advantages of the Terra ecosystem and Bitcoin. 🌐
🔍 Features of Mint Cash:
1. It does not use central institutions and provides stable cryptocurrency conversion and payment with BTC collateral.
2. Provides capital use efficiency.
3. Monetary policy offers flexibility.
4. Provides high-yield savings accounts with Anchor protocol.
5. It offers multi-currency support.
📈 Reason for USTC's sudden rise:
According to Mint Cash developer Shin Hyojin's statement, 1 USTC = 1 dollar worth of flaunting will be done. This means USTC has increased in value by more than 20 times. 🚀
🔎 Difference between Mint Cash and MakerDAO:
While Mint Cash produces stablecoins with BTC collateral, MakerDAO DAI provides stability due to overcollateral and centralized stablecoins. Mint Cash is implemented through a synthetic exchange mechanism using the decentralized features of Bitcoin. 💡
As a result, Mint Cash's goal is not to push USTC to $1, but to launch new projects. It is important for users to be careful and remember that Mint Cash has not yet released an official product. ⚠️
🤔 What is Mint Cash?
Mint Cash is a BTC-backed stable cryptocurrency system and aims to provide stable and efficient payment and savings solutions by combining the advantages of the Terra ecosystem and Bitcoin. 🌐
🔍 Features of Mint Cash:
1. It does not use central institutions and provides stable cryptocurrency conversion and payment with BTC collateral.
2. Provides capital use efficiency.
3. Monetary policy offers flexibility.
4. Provides high-yield savings accounts with Anchor protocol.
5. It offers multi-currency support.
📈 Reason for USTC's sudden rise:
According to Mint Cash developer Shin Hyojin's statement, 1 USTC = 1 dollar worth of flaunting will be done. This means USTC has increased in value by more than 20 times. 🚀
🔎 Difference between Mint Cash and MakerDAO:
While Mint Cash produces stablecoins with BTC collateral, MakerDAO DAI provides stability due to overcollateral and centralized stablecoins. Mint Cash is implemented through a synthetic exchange mechanism using the decentralized features of Bitcoin. 💡
As a result, Mint Cash's goal is not to push USTC to $1, but to launch new projects. It is important for users to be careful and remember that Mint Cash has not yet released an official product. ⚠️
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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