New developments on Coin Security Contract’s margin model

03/16/2023 06:37 • Metaverse & Beyond • 113 views

On March 16th, according to an official announcement, from 16:00 (Eastern Eighth Zone Time) on March 20th, the Coin Security Contract joint margin model will support TUSD and USDP as joint margin assets, and adjust the maximum transferable amounts of ADA, DOT, and SOL in the joint margin model to zero.

The joint margin model of Coin Security Contract will support TUSD and USDP

Analysis based on this information:

Coin Security Contract has released an official announcement that starting March 20th, their joint margin model will support TUSD and USDP as joint margin assets. This means that users can now use TUSD and USDP to margin trade on the platform. This move is aimed at increasing the platform’s liquidity and making trading more efficient.

However, users who rely on ADA, DOT, and SOL for margin trading will be affected by the latest development. According to the announcement, the maximum transferable amounts of ADA, DOT, and SOL in the joint margin model will be adjusted to zero. This implies that users who margin trade with these assets will no longer be able to do so on the Coin Security Contract platform.

The decision to support TUSD and USDP as joint margin assets is a strategic move aimed at enhancing the trading experience on the platform. TUSD, also known as TrueUSD, is a USD-pegged stablecoin that is fully collateralized, making it a safe and reliable asset for margin trading. USDP, on the other hand, is a stablecoin that is pegged to the US dollar and built on the Polygon network. This makes it a faster and cheaper alternative to traditional stablecoins.

On the other hand, the decision to adjust the maximum transferable amounts of ADA, DOT, and SOL in the joint margin model to zero is a significant move by the platform. Coin Security Contract has not given any reasons for this decision, but it could be related to market demand, volatility, or other factors that may have affected the assets’ value.

In conclusion, Coin Security Contract’s latest announcement shows that the platform is committed to enhancing users’ trading experience by providing reliable, safe, and efficient trading services. The addition of TUSD and USDP to the joint margin model is an excellent opportunity for traders to diversify their portfolios and hedge against market volatility. However, users who rely on ADA, DOT, and SOL for margin trading will need to look for alternative platforms that support these assets.

Overall, the new developments on Coin Security Contract’s margin model are worth watching, and it will be interesting to see how these changes affect the platform’s users and the crypto market as a whole.

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New developments on Coin Security Contract’s margin model

The joint margin model of Coin Security Contract will support TUSD and USDP

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