If you're looking for what is stablecoin? You are in the right place. Cryptocurrency traders rely on stablecoins to easily remain in the digital currency realm while retaining their neutral position until the next trade. Nearly 75% of all cryptocurrency trades involve a stablecoin. BankX is the first cryptocurrency that pays interest for minting a stablecoin, called XSD.
You earn interest for the entire time that it is in circulation. XSD is backed by Ethereum and the BankX Token. The system is fully decentralized and trustless. Interest is paid to you, in the form of BankX Tokens, when you pay back the stablecoin to redeem your collateral.