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I recently discovered a new stablecoin on Coinmarketcap called MNEE. It's built on the BSV blockchain, powered by WhatsOnChain, and claims to offer incredibly instant transactions and offers incredibly low fees for transactions under $10, with a fee of just 1/10th of a penny.
Each MNEE is pegged to 1 USD, whether in cash, US Treasury bills, or other cash equivalents. All reserves are audited monthly by Wolf & Company, P.C., a US-based audit firm, and the audit results/audit reports are published monthly.
While the MNEE stablecoin offers various advantages, I have a lingering question: can it compete with USDT and USDC? Please leave a comment.
Each MNEE is pegged to 1 USD, whether in cash, US Treasury bills, or other cash equivalents. All reserves are audited monthly by Wolf & Company, P.C., a US-based audit firm, and the audit results/audit reports are published monthly.
While the MNEE stablecoin offers various advantages, I have a lingering question: can it compete with USDT and USDC? Please leave a comment.
