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Machine Exchange Coin is showing movement in the stablecoin space. They announced that they will issue a new stablecoin called XUSD next year, which is interesting because it claims to back its value with physical assets.
These days, many stablecoin projects are emerging, but Machine Exchange Coin seems to take a different approach. Since it's being exclusively launched on DataDash, it looks like they are also focusing on marketing.
The idea of backing it with physical goods is different from the traditional dollar-pegged method. We'll have to see if Machine Exchange Coin's approach will be successful. Does anyone already have information about this?