Fathom Dollar (FXD)

The Fathom Dollar (FXD) is a stablecoin designed to provide stable financial freedom for individuals and institutions. It aims to offer borderless access to digital money without discrimination. The FXD is soft-pegged to 1 USD and can be minted by depositing XDC tokens. Users can convert FXD to other stable assets on the Fathom DEX or through brokers in the ecosystem. The Fathom Platform seeks to be at the center of the XDC ecosystem and integrates with various platforms such as staking, wallets, tokenization, and analytics.

Fathom’s vision is to grow the XDC ecosystem by collaborating with blockchain infrastructure providers and other stakeholders. The platform offers governance features through its native governance token, FTHM. Fathom users can lock FTHM tokens to vote on protocol governance, including incentivization, collateral onboarding, development, and marketing. It’s important to note that FTHM is not used in backing FXD and is not required to use the protocol.

The Fathom Platform operates on the XDC Network, an enterprise-ready hybrid blockchain for global trade and finance. It utilizes the Delegated Proof of Stake Consensus network (XDPoS) and offers instant confirmation, with transactions confirmed in under 2 seconds. With a carbon footprint 99% lower than traditional blockchains, Fathom is committed to being environmentally friendly. The platform is open-sourced, permissionless, and decentralized, providing multi-chain scaling capabilities for developers and node operators. The Fathom Protocol undergoes regular audits by leading security firms to ensure security.