Coinmonks
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Coinmonks

What Value does the miMatic (MIMATIC) stablecoin have?

MAI (MIMATIC) is a locked-collateral and non-custodial stablecoin. That means MAI holders own and control the funds.

To explain, they back the MIMATIC stablecoins with approved collateral or vaults. Approved collateral includes static tokens such as Chainlink (LINK) and Curve (CRV), and DeFI assets such as Beefy Finance (BIFI), Yearn Finance (YFI), and AAVE (AAVE).

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Daniel G. Jennings

Daniel G. Jennings

4K Followers

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.