AnyUSD
AnyUSD serves as the primary currency on the Any.trade platform. When users deposit into Any.trade, their funds are converted from ETH, USDT, or USDC into AnyUSD, and similarly converted back to the original currency upon withdrawal. For ease of understanding, we equate AnyUSD with USD, USDT, and USDC. However, if USDT or USDC experiences significant de-pegging (beyond the 99.9th percentile), deposits and withdrawals in the affected currency will be temporarily halted until its value stabilizes. During such de-pegging events, users can still deposit or withdraw in other available currencies.
For example, if a user deposits 1 ETH valued at $2,000 at the time of deposit, they will receive $2,000 in AnyUSD on the Any.trade platform. This balance can be used for trading, such as opening positions. Upon withdrawal, the balance will be converted into any supported withdrawal currency, like USDT. In this scenario, if the user neither gained nor lost money in trading, they would withdraw $2,000, minus any applicable bridging and gas fees, depending on the chosen network.
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