In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. The ELEPHANT. Sector. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. W hitepaper - ELEPHANT. dollar that doesn’t change much in value. Money ecosystem grows. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Stablecoins can be backed by cash, cash equivalents, commodity. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. Tether — USDT; TrustToken; TUSD. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. The stable asset serves as the reference point for the stablecoin’s value and provides the necessary stability and predictability for users. 2130. Type of Stablecoin. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon. As of November 9, 2021, USDT is ranked as the sixth-biggest cryptocurrency according to market capitalization, with a worth of $73,331,418,457. DRIP uses a single token for DRIP, while Elephant money uses 2: Elephant, and Trunk (a stablecoin hybrid). It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. 2 million in equivalent has been. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. 00 Diamond Platform Token DPT $ 0. USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. Beginner. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. Price Stability Formula. Stampede Perpetual Bonds. Elephant Money - Introducing the TRUNK Stablecoin. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. These coins are kept stable through a computer program running a preset formula; hence, its name. Elephant Money Futures Vaults. Tether Holdings Ltd. 100% Upvoted. Microsoft: These hackers are using a simple trick to hide their Windows malware | ZDNet Liam Tung is a full-time freelance technology journalist who writes for several Australian publications. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. Guaranteed redemption for $1 USD. Elephant’s Stampede has a 205% return limit that effectively becomes infinite as long as you keep compounding. Lock in your gains. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. We update our TRO to USD price in real-time. Their low transaction costs and traditional asset. Description. Stablecoins are crypto assets that aim to keep their price “pegged” to the market value of an external asset such as a fiat currency or commodity. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. Token Mechanics - Mint & Redeem. It. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. 05% bonus on every deposit and compound you can do so by becoming my partne. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. invested in an owned account. Back then the whitepaper referred to it as Mastercoin. Elephant Money Farms. 73mil in bonds which will require the system to pay out 3. Like many. Bitcoin, the bellwether for the crypto market, took a beating this week. The trunk (torso) is the central part of the body to which the head and the limbs are attached. In most cases, a stablecoin fixes its rate on a one-to-one basis. Elephant Money’s ‘TRUNK’ Token — How To Turn $1 To $26k+ At Odds Of Just 900/1 Elephant Money: How To Win In The Ecosystem For A Potential 100X. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. Redemption Queue. The price increased by 100. By Selena 04/13/22 10:42 PM. Photo: Pixabay. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. TRUNK is over-collateralized by BUSD with deep liquidity. The BlockSec ThunderForecast system detected an attack on Elephant Money. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. In Elephant Money’s case, this is just the beginning of the Parabolic move. The recent crash of Terra’s Luna and algorithmic UST stablecoin sent seismic shocks through the crypto community, leaving many to question which. 59%. . Stampede Perpetual Bonds. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. io partner to secure stable coin yield Elephant. Stablecoins, as the name suggests. 5 billion contraction represents a 17. And with stable coins I use Elephant. Interestingly, the asset’s availability on the Ethereum. S. Today it reached a high of $0. S. dollar. It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. TerraUSD has been pegged almost exactly to the dollar since its release, but on May 9 it crashed, and it is now worth just over $0. This contains the "latest and the greatest" code and is forward looking. . The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. Stampede bonding trunk you get 205% and daily compo. Trunk is $1 stable coin that buys and owns 80% of Elephant money. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. 1. The total market capitalization of this coin has reached $32 billion. Both collateral assets are securely stored in. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. Stablecoins are cryptocurrencies "pegged" to a fiat currency. ELEPHANT. Go to quickswap to enter the pair in a liquidity pool. They do this by tracking the value of a given fiat currency on a 1:1 ratio, and can be denominated in any national currency. B USD or BinanceUSD was launched on September 5th of 2019. 3. TRUMPET. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. TRUMPET. 6%. Partially collateralized stable coin that captures value by being backed by a reserve of assets. Stampede Perpetual Bonds. Home » Coins Listing » Elephant Money Stable( TRUNK ) info, Elephant Money Stable( TRUNK ) chart, market cap, and price Elephant Money Stable (TRUNK) on BSC Elephant Money Stable (TRUNK) is a cryptocurrency, deployed. ELEPHANT has a supply of 1 quadrillion (Common thing to see in projects. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. 752 Trunk. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Trumpet Features. 1. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. 5M and its 24h trading volume is $85K. What is Bertha & Why Is It So Important To The Elephant Money Ecosystem? What Is The Graveyard?This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. The system keeps track of the total quantity of stable-coins in circulation. In addition, Tether (USDT) is a native token of the Tether network. MONEY STABLE is a future-proof way to compound profits made across your portfolio. TRUNK is the best collateralized stable coin yet (75% BUSD, 25% Elephant Token) which solves the issues found in failed algorithmic stable coins $BDO, and $TITAN because they were pegged. To guarantee a $1 peg per coin, fiat-backed stablecoins. Firstly, Tether has very little actual cash backing USDT since most of the assets backing the stablecoin are various forms of debt and other digital assets. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. The end result after a year of higher highs, Elephant Money (in my. 4 billion on January 31, 2023. Choose a Stable Asset: Choosing a stable asset is a critical step in creating a stablecoin because the value of the stablecoin is closely tied to the value of the underlying asset. news/post/e. A perceived drawback of cryptocurrency is price volatility. The price of TRUNK COIN has risen by 100. Log In Sign Up. It is designed to find (local) solutions of mathematical optimization problems of the form. But perhaps even more important for community banks, the market instability is fueling the policymaker push for a regulatory structure to address crypto’s risks. 1. Some algorithmic stablecoins have depegged in the past. Stablecoins in cryptocurrency seem to hold the key to bridge the gap between the benefits of cryptocurrencies and the somewhat more stable nature that fiat currencies offer. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. Elephant Money Stable Coin price is $0. Price remains stable because if you can buy the coin for less than $1, you can go and exchange it with the issuer for $1 and vice versa. 58 Karatgold Coin KBC $ 0. There are two primary means stablecoins achieve this stability, collateralization and algorithms. Managing Stability and Market Risks . They aim to offer all the benefits of. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. 2130. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. S. The coin’s value only fluctuates based on the price of the physical metal that backs it; buying low and selling high will yield a profit. Cryptocurrencies, after all, are synonymous with volatility in a market routinely whipsawed by hype and speculation. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. dollar. June 07, 2022. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. Stablecoins sometimes lose parity with the asset to which they’re pegged. Lock in your gains. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0. According to some reports, Elephant Money, a decentralized “yield farming” protocol on BNB Chain with native token ELEPHANT and stablecoin TRUNK, has suffered from an attack on its reserve. Installing Ipopt. Thus, it is correct to forecast success in the fate of the asset. Stablecoins minimize typical cryptocurrency. In most cases, a stablecoin fixes its rate on a one-to-one basis. TRUMPET. Binance USD (BUSD) Not to be outdone, crypto. If a stablecoin’s owner wants to cash out the coin, the real money can. Treasury bonds. 207213, and now sits at $0. Gold has now completed the retest of its long term trend line and should be poised for higher gains. S. save. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. Launched in 2019, this coin is a creation of the colossal centralized crypto exchange, Binance, in partnership with Paxos. How The System Supports The Peg. The opposite can be said about stable coins. Elephant Money Stable (TRUNK) Circulating Supply. Elephant Money - Introducing the TRUNK Stablecoin. Because they are pegged to a real-world asset, they represent real money. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. dollar. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. The. Binance trading fees: maximum of 0. Stablecoins are not risk-free. MONEY STABLE is a future-proof way to compound profits made across your portfolio. It is another popular fiat-backed stablecoin and is used on many exchanges. Check answer Show a letter Show answer. S. 14 billion. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. S. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. The firm previously said USD Coin was backed 1:1. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. 1 comment. Maximum APY you can get is 8. Step 4: Swap 34,244,200,239,512. Lastly, the third one. While many of these projects use fiat to create their peg, the systems creating that peg can be different. . MONEY Is Now Listed on Bogged Finance and Coinbase WalletElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Stablecoin values are pegged to the value of a given currency. Stable Coin. 11 (€0. By Ehis Ohiwerei. and Europe, as well as a consumer flight to safety in the crypto. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. ELEPHANT - Coingecko. Now, even though the data suggests that IDR-pegged coins have low volatility in general, we wouldn’t personally use them as stores of value since the rupiah has had a 43. Its sister coin Luna was worth more than $80 (€76. I like to take some more risk and higher yields. If stablecoins become widespread in emerging economies, it could also impact the effectiveness of their tax collection and revenue, Miyoshi and the G20 official said. Check out a working copy from a repository. Stable coins are so-called (mostly) pegged to a Dollar. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. dollar-pegged stable coin project dubbed Stronghold. 05X times your total deposited amount. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. 26. Anytime the price peg is threatened, the issuing. Listen. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. dollar or gold. Token Holder Distribution. Liquidity Management (Stability) Launch & Initial Token Distribution. at the end of year 5, you will have 1. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. Getty. Stablecoins, as the name suggests. Unlimited NFT's. News; Prices;. Stablecoins address the desire for a solution that effectively bridges the gap between fiat currency and cryptocurrency. Key Highlights. dollar, gold, or stock in a public company. dollar. ELEPHANT is used to generate yield for TRUNK and support the peg. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. Stablecoins, as the name suggests, are digital assets whose value is designed to remain stable amid the ups and downs of the crypto market. Since crypto is a volatile market and stability is a far-fetched dream, these crypto-backed stablecoin are often over-collateralized to compensate for the volatility in the value of the underlying cryptocurrency. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. The security of a non-volatile digital tender which is both backed up by a national currency and by blockchain sounds like a deal. USDC is a type of cryptocurrency that is referred to as a fiat-backed stablecoin, meaning it is backed by reserve assets in the traditional financial system, such as cash, cash equivalents, or securities. One of the most prominent examples of a stablecoin is Tether (USDT). Cryptocurrencies are usually characterized by wild price swings and extreme volatility. 2:25. There is one trunk but many releases that derive from the trunk. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. 05X times your total deposited amount. Stablecoins are crypto assets pegged to the value of another commodity or assets such as fiat currencies. By Selena 04/13/22 10:42 PM. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. 00% in the past 7 days. Written by Crypto And DeFi. But the. ELEPHANT - Nomics. An algorithmic stablecoin is a cryptocurrency governed by algorithms (i. Its stable crypto coins are always at $1. Stablecoins can be backed by cash, cash equivalents, commodity. Today it reached a high of $0. How two coins combined to hold one’s value steady. If you choose to “Roll” your daily rewards back into your deposit amount (another way of saying compounding your interests), you’ll have a much higher return than the initial APR. Unlike a centralized stablecoin which is backed with an equivalent amount in fiat or real world assets,. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Stablecoins are a class of cryptocurrencies that attempt to offer investors price stability either by being backed by specific assets or using algorithms to adjust their supply based on demand. Elephant Money Stable Coin price is $0. . Register Now. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. ELEPHANT. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . 1 comment. USD Coin (USDC): This is the second largest stable coin after tether. Operating primarily on the BNB Chain, it’s a fresh contender in the market. The stable-coin project built by Keefer Taylor and Luke Youngblood will fill a much needed void that is currently placed around many different stable-coins that are either still under development or custodial. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. Elephant Money Futures Vaults. TRUNK is over-collateralized by BUSD with deep liquidity. bsc. All About TRUNK 22024 Elephant Money Stable TRUNK $0. S. Elephant Money - Introducing the TRUNK Stablecoin. adobe. These are widely used. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder said they are working with their partners. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. S. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY a nutshell, stablecoins are cryptocurrencies that are designed to minimise price volatility relative to a particular “stable” asset or basket of assets. . An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. Scam News. You can see it on the Canadian 5-cent coin. 2. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. What do you think about terrausd (UST) becoming the third-largest. How stablecoins work. ELEPHANT. Stamp bonds are tied to your wallet and can be added to at any time. TRUNK has never gone to zero and the system dynamically adjust yield generation based on the percentage to peg. TL;DR. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. That’s why they are MY best projects ;-)----Follow. T erraUSD (UST) is a stablecoin built on the Terra blockchain and was designed to always retain its value of $1, or sometimes known as. Their value is fixed, usually on a 1:1 basis with the U. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. Turn on the mining software without overclocking. Notwithstanding their name, however, stablecoins can be very unstable: between May 1 and May 16, 2022, there was a run on stablecoins, with their circulation decreasing by 15. Elephant Money Farms. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. Log In Sign Up. Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and…Elephant Money is a unique financial ecosystem that aims to implement a voluntary, sustainable, and permissionless global economic engine. S. ”. Use the Reserve to mint Elephant Money Stable (TRUNK). ELEPHANT. The stablecoin yield, however, depends on how much of CRO tokens you lock to stake on Crypto. If you bond 10k trunk and claim 1 day, compound 1 day, etc. ELEPHANT. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. 93K Followers. Circulating Supply. On July 17, IBM announced its involvement in a U. By implementing this strategy. MONEY implements an open global economic engine for. This comprehensive system provides users with opportunities for yield. Stablecoin to nic innego, jak rodzaj kryptowaluty, a konkretniej tokena płatniczego, którego wartość jest trwale powiązana z wartością określonej tradycyjnej waluty fiat (najczęściej dolara amerykańskiego, rzadziej euro) lub innego dobra np. The first through a chronological Redemption queue where arbitragers can buy TRUNK below peg and redeem it for 1:1 BUSD against the Treasury helping helping keep the liquidity pool ratios in balance. Stablecoins are cryptocurrencies without the volatility. . Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. Decrypt • Nov 22, 23. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. The Reasons, Risks and Types to Know. UST (Stablecoin)Stablecoins are a type of digital currency that is supposed to be pegged one-to-one with a fiat currency such as the U. Tether ( USDT) is a cryptocurrency stablecoin pegged to the U. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. Fiat currency digital asset is the most popular use case for stablecoins. Saved searches Use saved searches to filter your results more quicklyElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. TRUNK - Nomics. This means that. 1. ELEPHANT - CoinMarketCap. 1. ”. TrueUSD (TUSD) At the moment it is one of the most reliable and proven stablecoins, as the company creating it has an open and transparent policy. In contrast to fiat currency, and CBDC’s, trust in a stablecoin system shifts to the administrator (s. hide. 5%. Unlike cryptocurrencies like Bitcoin, their prices remain steady. Lastly, the third one. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. This means that a stablecoin is only as stable as the underlying currency it represents and the mechanism used to maintain the relationship. 01 JPY Coin v1 JPYC $ 0. Reserve assets are assets with real world value, like fiat currencies or precious metals like gold. Price Stability Formula. S. Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary additi. However, you should note that neither of these coins is backed by the United States government like the dollar. Minimum 30% interest on your dollar. Money (TRUNK token). USDT (Tether) USDC (USD Coin) BUSD (Binance USD) DAI. dollar. 013318 USD with a 24-hour trading volume of $7,314,866 USD. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. Count Withdrawn. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). Below is a list of the top five stablecoins we have identified that each have their own unique characteristics and all are supported by Trust Wallet. 2022-04-15 08:47:27. 🔔Cassida Coin Counter, Sorter, Wrapper Ultimate Solution for Effortless Coin Management🔔. This attack was carried out several times, and according to Elephant Money, a total of $11. 2 million in equivalent has been permanently lost. Since their all-time supply highs in November 2022 until Feb. This doesn’t work for all stablecoins, especially those tied to the US dollar. The declining market caps of these stablecoins confirm this. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. scalciaregt • 2 yr. So you have access to stable money that you can use on Ethereum.