WEMIX Team Unveils Plan for Stable WEMIX$/USDC Exchange
The post WEMIX Team Unveils Plan for Stable WEMIX$/USDC Exchange appeared on BitcoinEthereumNews.com.
WEMIX Team recently announced their plan to establish a Peg Stability Module (PSM) that provides users with stable 1:1 WEMIX$/USDC exchange capabilities. The developed action plan works to stabilize WEMIX$ values while offering users a stable exchange experience. The implementation timeline starts in the first half of 2025 indicates the WEMIX Team’s attempt to generate system stability and control price volatility affecting users. WEMIX$ Action Plan : 1:1 Exchange to USDC Coming Soon 🔄 The #WEMIX Team is initiating a Peg Stability Module (PSM) to enable 1:1 exchanges of WEMIX$ to USDC. This means less volatility and a more stable exchange process is to be made. The team is working towards… pic.twitter.com/8zI7Yr8W1J — WEMIX (@WemixNetwork) March 28, 2025 The WEMIX Team’s main course of action focuses on providing users with a secure and continuous WEMIX$ to USDC exchange. Within WEMIX$ platform users can convert WEMIX$ tokens to USDC tokens of equivalent value independently of current market prices through the PSM system. The safety net feature exists for holders to turn their WEMIX$ tokens into USDC without market value changes or price slippage risks during the exchange process The WEMIX$ holders receive additional stability from the 1:1 exchange ratio decision that protects them from market price fluctuations. Through the PSM users will gain stable and predictable rates because the exchange rate remains fixed. The WEMIX Team aims to facilitate USDC transfers to Ethereum before supplying them to PSM through the CCIP interface. The WEMIX$ holders can perform this 1:1 exchange with USDC irrespective of WEMIX$ price fluctuations in the market. The PSM operates as a system which enables one-way conversions from WEMIX$ into USDC. WEMIX$ holders maintain certainty to transform their tokens into USDC through exchanges at constant exchange rates between WEMIX$ and USDC. Users need to understand that the exchange…
Filed under: News - @ March 29, 2025 6:28 am