The smart contract basket for Metal Dollar operates by dynamically adjusting the reserve mix of stablecoins, like USDC, PYUSD, and USDP, to maintain XMD's stability and reduce risk exposure. This process is automated and governed by predefined rules within the smart contract to ensure XMD's value remains consistent.
On Metal X, XMD's exclusive pairings mean you can mint it once, trade with ease, and redeem effortlessly, bypassing the hassle of juggling multiple stablecoins.
Banks and financial institutions have the opportunity to create and integrate their own stablecoins into the Metal Dollar Treasury. The inclusion and governance of these assets are overseen by the Metal DAO community, ensuring a secure and collaborative financial ecosystem.
