Fathom Dollar
FXD #2860Project Safety Score: 57%
Updated 23 hours, 53 minutes agoFathom Dollar (FXD) is a stablecoin developed by Fathom DAO, operating on the XDC Network. It is designed to maintain a stable value, pegged to the U.S. dollar, and is backed by over-collateralized XDC Tokens stored in smart-contract vaults when new FXD tokens are issued.
The primary purpose of FXD is to facilitate trade finance, providing micro, small, and medium-sized enterprises (MSMEs) direct access to alternative investors. Through specific platforms, FXD aims to offer these businesses a more accessible and cost-effective method for acquiring necessary capital, thereby potentially supporting economic growth and job creation.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
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