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Not like asset-backed stablecoins like tether (USDT) and USDC, whose worth is secured towards {dollars} or dollar-equivalents similar to U.S. authorities debt, USDe calls itself a artificial stablecoin with its $1 worth maintained via a monetary approach often known as the cash-and-carry commerce. The commerce, which includes shopping for an asset and concurrently shorting a by-product of the asset to gather the funding charge, or the distinction between the 2 costs, is well-known in conventional finance and would not carry directional, or delta, danger.
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