What is WEMIX Dollar ($WEMIX$)?
WEMIX Dollar is a stablecoin in WEMIX3.0 ecosystem, which is fully collateralized by USDC. This native stablecoin protocol ensures price stability and will function as the store of value, unit of account, and medium of trade, positioning WEMIX$ as an effective currency within the WEMIX3.0 mega-ecosystem.
WEMIX$ is a secure stablecoin issued on the Mainnet with 100% collateralized USDC reserved in the Treasury. The native stablecoin protocol is designed to constantly maintain 1:1 volume peg to the reserved USDC in the Treasury by minting and burning WEMIX$ according to the Treasury volume. In doing so, the price stability of WEMIX$ is achieved and allows expansion and contraction of the total WEMIX$ volume based on the state of the ecosystem.