USD Stablecoin: Simplifying Onchain Trading
Trading onchain should be straightforward and accessible, and one of the key ways to achieve this is through the use of USD stablecoins. At Thrust, we’ve adopted a unique approach to streamline trading by using USD stablecoins as the default currency for all asset transactions.
Why USD Stablecoins?
The majority of global trades are conducted in US dollars, making USD stablecoins a natural choice for simplifying onchain trading:
- Universal Acceptance: USD stablecoins are widely recognized and accepted, providing a familiar and stable reference point for users and traders across different platforms.
- Consistency: Using USD stablecoins ensures that all transactions are consistent, reducing confusion and making it easier for users to engage with onchain assets.
Default Currency for All Assets
On Thrust, every asset is traded against a USD stablecoin by default, ensuring simplicity and uniformity across our platform:
- Base: For the Base chain, assets are traded against USDC (USD Coin). USDC is a widely-used stablecoin that offers transparency and stability.
- Polygon: On the Polygon network, assets are traded against USDT (Tether). USDT is a popular stablecoin known for its broad acceptance.
- BNBChain: On the BNBChain, assets are also traded against USDT, providing consistency with the Polygon network and facilitating easy cross-chain transactions.
Benefits of a Unified Approach
Our approach to using USD stablecoins brings several benefits to the trading experience:
- Simplified Swapping: By standardizing on a single currency, we make it easier for users to swap and trade assets without needing to deal with multiple currencies or conversion rates.
- Streamlined User Experience: A consistent stablecoin across all supported chains reduces complexity, making the trading process more intuitive and accessible for both new and experienced users.
- Enhanced Liquidity: Using a single stablecoin ensures that liquidity is concentrated, enhancing trading efficiency and reducing spread.
By leveraging USD stablecoins as the default currency for all assets on Thrust, we simplify onchain trading and provide a more consistent and user-friendly experience. This approach not only aligns with global trading practices but also enhances the ease and efficiency of asset transactions on our platform. Explore the streamlined trading possibilities with Thrust’s unified stablecoin system and enjoy a seamless trading experience!