What Is Num Finance (NUARS)?
Num Finance is a project that aims to create stable cryptocurrencies (stablecoins) that seek to follow the value of legal tender currencies of emerging countries . They call these cryptocurrencies Num Stablecoins (hereinafter referred to as Num-S) . For example, the Num MXN (nuMXN) token seeks to track the value of the Mexican Peso, the Num ARS (nuARS) token seeks to track the value of the Argentine Peso, etc.
There are currently several stable coins in the cryptocurrency market. However, most of them correspond to currencies of developed countries . The best known examples are the stable coins pegged to the US dollar such as USDT, USDC, DAI, etc (hereinafter, USD-S).
Num Finance Coin existence of USD-S is and has been fundamental to the development of the decentralized finance ecosystem that is currently flourishing on the main blockchains. Activity in decentralized finance protocols grows linearly with the circulation of these stablecoins. In turn, other stablecoins began to appear that seek to follow the price of other currencies from developed countries, however, there are very few that seek to do so for currencies from emerging countries.
Important Points Table Of Num Finance
| Basic | Points |
|---|---|
| Coin Name | Num Finance |
| Short Name |