Freewallet announced integrations for Equilibrium’s Native Utility Token (NUT) and EOSDT stablecoin to Freewallet: Crypto Wallet.
Equilibrium is a compelling framework of smart contracts that over-collateralizes a user’s liquid digital assets and issues price-stable cryptocurrency in return. Its EOSDT stablecoin is pegged to the US dollar, letting users transact as they see fit within a new paradigm of steady, predictable value. EOSDT’s main feature is the collateralization of a user’s liquid digital assets.
Stability mechanisms are hard-coded into Equilibrium’s smart contracts. Because 1 EOSDT always equals $1 USD, users enjoy access to a highly transactable cryptocurrency free of volatility.
EOSDT also offers a variety of applications, like hedging market risks, providing fiat-like quotes for currency pairs on crypto exchanges, and making online payments with merchants that accept cryptocurrency — all of which is now available to Freewallet users.
NUT is the framework’s utility token and cross-chain-compatible utility currency. It plays a role in every step of Equilibrium’s governance and management processes: if a user wants to make changes to the parameters that drive the framework, they spend NUT to submit a proposal for the community to vote on.
These digital assets are now readily available to Freewallet users, and they’ll be in good company: Freewallet already supports more than 30 stablecoins and cryptocurrencies like Bitcoin, Ethereum, Litecoin, USDT, TUSD, and DAI. EOSDT happens to be the first coin native to the EOS blockchain to get this support.