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Dear platform, hello, I have a question about USDG stablecoin I would like to give feedback.
What is a stablecoin, a stablecoin is a cryptocurrency that does not have Fluctuation or has minimal Fluctuation.
Stablecoins on other major platforms generally remain between 0.98-1.02.
USDG as a stablecoin of the platform, it did give long uses at the beginning, such as being able to mortgage it and sell U, which revitalized the working capital.
However, with the Gate.io becoming bigger and stronger, it seems that we have forgotten our original intention and forgotten our group of old users.
Now the price of the USDG is adjusted so high, please look at the screenshot, it often hovers between 1.2550-1.4, because the 1.3365 platform only puts 2.79 coin, and it is estimated that the long point to buy will go above 1.4.
Customer service said that the coin price is determined by the transaction between users, but USDG is Gate's stablecoin, there is no coin between our users, all adjustments are put longer and less by the platform, set longer and less price, we can buy, can redeem to the platform, this is a very unfair trading market.
And in the Margin Adjustment There, the Margin cannot be adjusted, indicating that the coin has been delisted and cannot be operated. This further reflects that the price of USDG is completely determined by the platform, because users simply do not have coins in their hands.
I sincerely wrote such a long, and sincerely hope that the platform will not forget our group of old users, so long years are really not easy to come, please restore the price of USDG stablecoin to about 1:1, so as to be worthy of the word "stability", rather than swinging a "sickle" at us.