WE-LaunchAlgorithmic Stablecoin
An algorithmic stablecoin maintains its value through a series of complex algorithms that control its supply, adjusting it based on the market demand to keep the price stable. Unlike traditional stablecoins, which are backed by fiat or other assets, algorithmic stablecoins rely on smart contracts to automatically mint or burn tokens in response to price changes.
Terra's UST was an algorithmic stablecoin that maintained its peg to the US dollar by using its governance token, LUNA. When the price of UST fell below $1, LUNA was burned to reduce the UST supply, and when UST rose above $1, new UST was minted to restore equilibrium.
You may also like
How to Use Gemini for Real-Time Crypto Trading Signals: A Comprehensive Guide for 2025
Unlock real-time crypto trading signals with Google Gemini AI. This article explores how to leverage Gemini's power for market data, on-chain metrics, and sentiment analysis to supercharge your trading strategy. Learn to apply these AI insights on the WEEX platform for smarter, more efficient trading.
Nekogirl Joins WEEX with NEKOGIRL USDT Trading Pair
Nekogirl (NEKOGIRL) is now listed on WEEX Exchange. Trade the NEKOGIRL USDT pair and discover the on-chain anime icon with a mission to decentralize.
Ibiza Final Boss (BOSS) Launches on WEEX with BOSS USDT Pair
Ibiza Final Boss (BOSS) is now listed on WEEX Exchange. Trade the BOSS USDT pair and explore the viral memecoin inspired by Ibiza’s party culture.
BARKcoin Now Live on WEEX with BARKCOIN USDT Pair
BARKcoin (BARKCOIN) is now listed on WEEX Exchange. Start trading the BARKCOIN USDT pair and join the first meme token powered by Truth Social AI.
Fireverse (FIR) Debuts on WEEX with FIR USDT Spot Pair
Fireverse (FIR) USDT trading pair is now listed on WEEX Exchange. Trade FIR on WEEX Spot and explore the AI-powered music creation platform.
Gainers
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：bd@weex.com
VIP Services：support@weex.com
App