BTSE Exchange Launches USDD Stablecoin Perpetual  Futures

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BTSE exchange has announced the launch of the world’s first per­pet­u­al futures trad­ing for US Decen­tral­ized Dol­lar (USDD) sta­ble­coin. USDD is the world’s first over­col­lat­er­al­ized decen­tral­ized sta­ble­coin, and unlike stan­dard futures, per­pet­u­al futures have no expi­ra­tion date. In addi­tion, futures trad­ing on BTSE involves low trad­ing fees, and you can use a com­bi­na­tion of cryp­tocur­ren­cies and fiat for both col­lat­er­al and pay­ment set­tle­ment. As a result, an increase in the num­ber of peo­ple using BTSE could be on the horizon.

BTSE Perpetual futures and what it entails

The addi­tion of the USDD to the list of sup­port­ed cur­ren­cies fur­thers BTSE’s goal of con­vert­ing tra­di­tion­al finance cus­tomers into DeFi cus­tomers. The use of risk man­age­ment and hedg­ing strate­gies, such as those offered by per­pet­u­al can help strength­en a portfolio’s resilience. This is par­tic­u­lar­ly impor­tant and help­ful dur­ing times of extreme volatil­i­ty in the mar­ket con­di­tions. The abil­i­ty to gam­ble against the per­for­mance of an asset means traders can make mon­ey in a down­turn by pro­vid­ing short expo­sure. Addi­tion­al­ly, futures allow traders to lever­age their positions.

BTC and ETH futures on the BTSE trade for more than $1.5 bil­lion each day. BTSE’s Futures sec­tion, which includes per­pet­u­al futures for USDD, may be more appeal­ing to expe­ri­enced traders than its oth­er offers. Users who are new to futures trad­ing can access a vari­ety of ser­vices and instruc­tion­al mate­ri­als, includ­ing the BTSE Test­net, tuto­ri­als, and a help cen­ter, to learn about the mechan­ics of futures.

The USDD is the newest sta­ble­coin in exis­tence, and it oper­ates as an algo­rith­mic sta­ble­coin on the Ethereum, BNB Chain, and TRON blockchains. It  pegs to the US cur­ren­cy of about 1:1.  Since traders can use a mix of cryp­to and fiat for mar­gin trad­ing. To put it anoth­er way, this means that cus­tomers can use their unused assets to pos­si­bly gen­er­ate more mon­ey, while reduc­ing the need to con­vert such assets into collateral.



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