Zasset zUSDPrice

(ZUSD)

Zasset zUSD (zUSD) is a synthetic stablecoin that functions as a core component of the Horizon Protocol ecosystem. Horizon Protocol is a decentralized finance platform built to facilitate the creation and trading of on-chain synthetic assets, which are designed to mirror the value of real-world financial instruments. As a synthetic asset, zUSD is not backed by physical fiat currency in a traditional bank account. Instead, it is generated through a process of over-collateralization. Within the Horizon Protocol, users can mint zUSD by staking the platform's native utility token, HZN. This mechanism is designed to ensure that the synthetic asset maintains its utility and peg within the decentralized ecosystem. The primary purpose of zUSD is to serve as a universal unit of account and the base medium of exchange for the Horizon Protocol decentralized exchange. It allows participants to trade a variety of other synthetic assets, known as zAssets. These zAssets can represent a wide range of markets, including other cryptocurrencies, commodities like gold or silver, and traditional fiat currencies or equities. By using zUSD as the foundational currency, the protocol enables users to gain exposure to these diverse global markets without needing to leave the blockchain environment or hold the underlying physical assets. In terms of its technical foundation, Zasset zUSD is primarily active on the BNB Smart Chain, utilizing the network's infrastructure to support fast and efficient derivatives trading. The project aims to provide a borderless and permissionless way for users to access financial markets through a decentralized framework. It focuses on transparency and community-driven development, allowing the ecosystem to evolve according to the needs of its participants. Beyond its role in trading, zUSD is used for liquidity provision and as a stable store of value within its native ecosystem. The protocol employs automated smart contracts to manage the minting, burning, and exchange processes, ensuring the system remains decentralized. Through this approach, Zasset zUSD bridges the gap between traditional finance and the Web3 space by providing a blockchain-based representation of the US dollar for use in various decentralized financial applications. Learn more

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