DWG Labs responds to "stablecoin USDF temporarily unanchored": reserve over-collateralization rate is 116%"
According to online reports, Andrei Grachev, managing partner of DWG Labs, responded to the "temporary unanchoring of the stablecoin USDF." The proportion of stablecoin and BTC collateral in USDF is approximately 89%(approximately US$565 million), and the proportion of altcoins is approximately 11% (US$67.5 million). The reserve over-collateralization ratio is 116%. Every USDF minted must be supported by a stablecoin or an equivalent hedging position without directional risk.
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