Hydra
E854524
Hydra is a U.S. dollar–pegged stablecoin designed to maintain a stable value relative to the USD.
Statements (25)
| Predicate | Object |
|---|---|
| instanceOf |
cryptocurrency
ⓘ
stablecoin ⓘ |
| aimsFor | low price volatility ⓘ |
| circulatesOn | blockchain ⓘ |
| denominatedIn | USD NERFINISHED ⓘ |
| hasAssetType | digital asset ⓘ |
| hasCategory | dollar-pegged stablecoin ⓘ |
| hasDesignObjective | minimize exchange rate fluctuations vs USD ⓘ |
| hasPegMechanism | U.S. dollar peg ⓘ |
| hasPegType | fiat-pegged ⓘ |
| hasPrimaryGoal | maintain stable value relative to USD ⓘ |
| hasRiskProfile | peg stability risk ⓘ |
| hasUseCase |
hedging against crypto volatility
ⓘ
medium of exchange ⓘ store of value ⓘ unit of account ⓘ |
| isDesignedFor | price stability ⓘ |
| isLinkedTo | U.S. dollar value ⓘ |
| isUsedIn |
DeFi applications
ⓘ
crypto trading ⓘ digital payments ⓘ remittances ⓘ |
| peggedTo |
USD
NERFINISHED
ⓘ
United States dollar NERFINISHED ⓘ |
| targetValue | 1 USD ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.