I will sell all cryptocurrency assets except for stablecoins.

Nimmi373

The algorithmic stablecoin protocol UXD Protocol has announced on social media that its proposal to limit the insurance fund to low-risk assets such as USDC, tokenized US Treasury bonds, and UXD/USDCLP tokens has been approved. The team will sell all cryptocurrency assets (excluding stablecoins) and instead purchase USDC and US Treasury bonds.
Golden Finance previously reported that the UXD Protocol, an algorithmic stablecoin protocol, had released a governance proposal with the aim of restricting the insurance fund to low-risk assets, including USDC, tokenized US Treasury bonds, and UXD/USDCLP tokens.

Jafar224

This seems to be a pessimistic view of the cryptocurrency market, doesn't it?

Yamini003

They call it insurance, but it may not necessarily be secure, right?

Ritu13

If it's called insurance, it should definitely be reliable.