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Do these trades involve synthetic USD crypto-coins that are issued by some central party (so 100% not decentralised)?
by lottin 4y ago
Do these trades involve synthetic USD crypto-coins that are issued by some central party (so 100% not decentralised)?
- miohtama 4y agoYes as they trade on spot DEX market. However Frax, TerraUSD (RIP) volume is not that huge AFAIK. I think the only synthetic, or fractionally backed stables left are Ohm and Frax. They do not have any significant market share. Most volume is in - USDT/USDC pairs - ETH pairs - BNB pairs I run a website that tracks this stuff: https://tradingstrategy.ai/trading-view/exchanges https://tradingstrategy.ai/trading-view/exchanges