Synthesised  Fiat Coin - Verifiable, Dynamic, Interest Earning

Unlike any other prior stablecoin, synthesised fiat coin solves the issues of scalability, transparency and responsiveness, as well as being available in any world currency.

Synthetic fiat stable positions, (i.e. dollar, euro, yen) are minted from Bitcoin collateral. Simply deposit Bitcoin and click "Mint". FreeMeX then hedges your Bitcoin, locking in the fiat value of your Bitcoin at the time of minting. It then tokenises the hedged position into new synthetic fiat with a locked in fiat value.

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Your newly minted synthetic coin is automatically deposited into your FreeMeX crypto wallet

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You can transfer it to other FreeMex accounts using the app instantly and free of charge

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While you hold it, FreeMeX pays interest raised from traders leveraging long and short positions.

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At any time you can click "Melt" and your synthetic coin will be destroyed, the Bitcoin hedge in the background liquidated, and you will be returned the amount of Bitcoin equal to the original locked in fiat value of the collateral, plus any interest earned while you held it.

As an interest earning asset, synthetic fiat is the perfect crypto for remittance, payments and savings.

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