What is USDE?

USDE is a stablecoin with passive income, use in DeFi, transfers, global economic access and freedom to manage your assets. It versatile asset that can be utilized across the DeFi ecosystem to unlock even greater earning potential. Here’s how you can use USDE beyond holding: — Trading on Decentralized Exchanges (DEXs) — Participation in Other DeFi Protocols: pools, farming — Lending and Borrowing. Stablecoins USDE are backed by reserves in the form USDT, USDC, DAI and other liquid assets.

Key mechanics:

• Stablecoin Deposit: The user deposits their stablecoins into XBANKING’s smart contract.

• USDE Minting: In return, the user receives USDE tokens equivalent to the deposited amount.

• DeFi Investments: The deposited stablecoins are allocated to high-yield strategies, such as liquidity pools and farming.

• Yield: The income generated from these strategies is distributed among USDE holders.