Review on XPA by francis fernandez
FIAT-backed crypto assets
The volatility of cryptocurrencies has always been the cornerstone of these digital assets. Due to this, the founders of cryptographic projects seek innovative solutions that contribute to the elimination of this problem.
XPA is a digital solution that consists of linking a basket of cryptocurrencies to different FIAT currencies, in order to guarantee their price stability in the stock market.
How is this stability of value of cryptocurrencies achieved?
XPA uses the major fiat currencies of various countries to link a set of digital assets to a given local currency in a 1: 1 ratio; that is, for example it links the XPAJPY with the Japanese yen currency, it implies that XPAJPY = 1 Japanese yen. Another group of crypto assets are pegged to the dollar and so on.
What are the most important features of the platform?
Also allow the conversion of simple assets into stable assets; the XPA ecosystem offers:
• Leverage service
• Long-term index contract loans
• Commercial operations under a secure platform and without intermediaries
• Use of assets as credit support
• Efficient asset management
• Expands the opportunities to use the converted assets
• Safe and innovative platform that uses its ERC-20 token
• It allows to use the efficiency of Ethereum smart contracts for the implementation of mortgages
We can conclude that XPA is a comprehensive ecosystem that offers us under the same infrastructure all the security, stability, efficiency and versatility of the assets in your basket, no matter where we are.
Pros
- Offers a basket of digital assets linked to FIAT currencies
- Its group of assets linked to FIAT avoid the volatility of the cryptocurrency
- Allows you to acquire financing using your financial instruments
- Provides additional benefits to cryptocurrencies when converting to stable currencies
- It is backed by the Ethereum technological infrastructure
Cons
- No disadvantages
