Fathom Dollar Price(FXD)

Fathom Dollar ($FXD) is a stablecoin built on the XDC Network, a blockchain infrastructure renowned for its scalability and security. Developed and issued by Fathom DAO, a decentralized autonomous organization, FXD is specifically designed to maintain a soft peg to the U.S. dollar. This peg is achieved through an over-collateralized model, where supporting assets—in the form of XDC Tokens—are securely stored in smart-contract vaults during the process of FXD token issuance.

The primary goal of Fathom Dollar is to tackle the significant financing challenges faced by MSMEs, largely due to their limited access to traditional banking systems. By offering a bridge to alternative investors and financial options, FXD aims to enhance liquidity and accessibility, empowering these enterprises to thrive in an increasingly digital economy.