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This mechanism reveals the more powerful concept of "mortgage of all things". With alternative asset settlement, any encrypted asset can be mortgaged for borrowing. Each cryptocurrencies asset will have its own floating mortgage ratio. What if the DeFi market will allow market participants to mortgage their tokenized watches or tokenized property to short-term loans? The opportunities in this market are limitless.

dogecoin usd fiat exchanges, Dogecoin (DOGE) to USD Coin (USDC)

As one of the most global cryptocurrencies exchanges, KuCoin has been expanding its legal gateway. Our P2P Fiat market now supports the five main legal tenders of RMB (CNY), Indonesian Rupiah (IDR), Vietnamese Dong (VND), Canadian Dollar (CAD) and USD. Through our partnerships with Simplex, Banxa and PayMIR, we also support 50 legal tenders such as the Euro and AUD. In the future, we will continue to work further for globalization, enabling more users around the world to enjoy the services we offer here at KuCoin and ultimately helping more users enter the cryptocurrencies world.