Questions tagged [backed]

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Federico Federico Thu Oct 17 2024 | 6 answers 1516

Is USD Coin backed by the government?

I don't understand this question. Could you please assist me in answering it?

Is USD Coin backed by the government?
Michele Michele Tue Oct 15 2024 | 5 answers 750

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.

Is DAI 100% backed?
SsangyongSpirit SsangyongSpirit Mon Oct 14 2024 | 7 answers 1359

What is the USDD backed by?

I don't understand this question. Could you please assist me in answering it?

What is the USDD backed by?
EmmaWatson EmmaWatson Sun Oct 13 2024 | 6 answers 1536

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 XAU backed by real gold?
isabella_taylor_activist isabella_taylor_activist Fri Oct 11 2024 | 6 answers 1498

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.

Is WazirX backed by Binance?

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