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April 20, 2022– XT.com, the world’s leading social exchange, has announced the addition of the popular decentralized stablecoin market DAI to its trading platform, improving the user experience of XT. The DAI stablecoin has been added to the list of coins on the XT platform, allowing traders to trade against pairs from global markets. With the integration of XT Exchange with MakerDAO, the existing XT trading platform now offers customers additional accessibility to stablecoins and an improved crypto trading experience in general.
MakerDAO is better positioned to capture the XT community and reach a larger user base with the addition of DAI to the existing XT platform. The new platform will also meet the demand for a stable currency, reducing the risks associated with highly volatile cryptocurrencies. Adding DAI to the XT platform will benefit both existing and new users by providing them with a better crypto trading experience.
It should be noted that DAI is an excellent choice for global businesses and cross-border transactions. XT.com sees this as an opportunity to improve the user experience of its platform by integrating the DAI market. MakerDAO’s DAI stablecoin, which is built on the Ethereum network and backed by a system of smart contracts and decentralized price feeds, is intended to maintain a loose peg to the US dollar.
XT.com intends to open five trading pairs which includes BTC/DAI, ETH/DAI, MKR/DAI, USDT/DAI and TRX/DAI. “We are excited to partner with MakerDAO and list the DAI marketplace on our platform,” said Anisor, CMO of XT.com. I am convinced that this collaboration will help us reach a wider user base. We also anticipate mutual growth for both companies through this collaboration.
DAI is a decentralized Ethereum-based stablecoin developed by MakerDAO, with a digital currency value that remains close to $1. It helps users to use currency effectively for all transactions that can be done using digital currency as well as traditional currencies. With stablecoin integration with 1000+ apps, DAI penetrates a wider audience base by facilitating crypto trading using a coin with stable value.
The decentralized stablecoin DAI came into existence in 2017 and allows users to exchange their cryptocurrencies for an equivalent value of DAI. It can be easily transferred between Ethereum wallets and can also be used for regular purchases, just like fiat currency.
XT.COM Exchange was established in 2018 and registered in Seychelles. Its head office is located in Dubai. It has operation centers in Singapore, Seoul and other countries and regions, and its business spans the globe.
The platform has the global top-level domain www.xt.com and currently has over 3 million registered users, over 300,000 monthly active users, and over 30 million users in the ecosystem. The trading platform supports over 500 high-quality currencies and over 800 trading pairs. It offers a wide variety of transactions such as forex trading, leveraged trading, OTC trading, contract trading, and credit card purchases. XT provides users with the most secure, efficient and professional digital asset investment services.