XUSD (BabelFish) (XUSD)

XUSD (BabelFish) is a universal multi-chain stablecoin that aims to aggregate and distribute stablecoins, enhancing their flow and supporting hyperBitcoinization. It is part of the BabelFish DAO Money Protocol, a translator and converter for stablecoins across different chains. XUSD is collateralized 1:1 by a hedged basket of accepted stablecoins, allowing users to tap into the combined liquidity and utility of the underlying collateral. Users can deposit accepted stablecoins on the BabelFish protocol and receive XUSD, which can be used on accepted protocols, bridging between chains, and redeemed at any time.

The BabelFish DAO Money Protocol is guided by FISH token holders through governance participation. This community-driven approach enables FISH holders to determine protocol improvements, budget allocation, and partnerships. Active participation in the DAO allows individuals to shape and enhance the stablecoin ecosystem. XUSD aims to address the fragmented stablecoin market by facilitating communication and collaboration among various stablecoin issuers, promoting mass adoption, and ensuring stablecoin instruments’ safety and ease of use in the crypto space.

The demand for a trustless stablecoin translation device is evident in crypto dollars’ rapid growth and velocity. With XUSD, BabelFish aims to meet the increasing demand for programmable money and support the onboarding of billions of users. By enabling multiple stablecoins to bloom and communicate with each other, BabelFish seeks to eliminate reliance on a few issuers, mitigate risks, and encourage mass adoption of stablecoins. Join BabelFish to experience a secure and innovative stablecoin ecosystem.