What is FlexUSD?
FlexUSD is a stablecoin that is pegged to the US Dollar. It was created by CoinFLEX, a cryptocurrency derivatives exchange, and is designed to provide users with a safe and secure way to store their funds while trading on the CoinFLEX platform. FlexUSD has been designed to be fully compliant with all applicable laws and regulations, including KYC/AML requirements.
The primary purpose of FlexUSD is to provide traders with an alternative to traditional fiat currencies when trading on the CoinFLEX platform. By using FlexUSD as their base currency, traders can avoid the volatility associated with other cryptocurrencies while still taking advantage of the benefits offered by digital assets. Additionally, since it’s pegged 1:1 to USD, traders don’t have to worry about exchange rate fluctuations.
FlexUSD also provides users with access to a range of features that are not available with fiat currencies. For example, users can use FlexUSD for margin trading and futures contracts on the CoinFLEX platform. This allows them to take advantage of leverage and gain exposure to different markets without having to use fiat currencies.
CoinFLEX has also taken steps to ensure that FlexUSD remains secure and stable at all times. To do this, they have implemented several measures such as multi-signature wallets and cold storage solutions for storing user funds securely.
Overall, FlexUSD provides traders with a reliable way of storing their funds while trading on the CoinFLEX platform. It offers many advantages over traditional fiat currencies such as increased security and access to additional features like margin trading and futures contracts.
