Is USD Coin backed by the government?
I don't understand this question. Could you please assist me in answering it?
Is DAI 100% backed?
I'm wondering if DAI, the cryptocurrency, is fully backed by some kind of reserve or asset. I want to know if it's 100% backed and if there's any risk involved with its backing.
What is the USDD backed by?
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Is XAU backed by real gold?
I'm wondering if XAU is actually backed by physical gold. I want to know if there's a real, tangible asset supporting this or if it's just a financial instrument without any actual gold backing.
Is WazirX backed by Binance?
WazirX, an Indian cryptocurrency exchange, has been claiming to be backed by Binance, a leading global cryptocurrency exchange. However, the exact relationship between the two exchanges has been a subject of debate and controversy. WazirX's CEO stated that Binance operates the crypto pairs on WazirX and handles crypto withdrawals, while Binance's CEO clarified that Binance does not own any equity in WazirX. Despite the confusion, WazirX continues to operate independently in India, offering a platform for users to buy and sell cryptocurrencies using Indian rupees.