It's thread time.

Understanding the brilliance and the utility of $xUSD

$XHV $xUSD
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What is xUSD? It is a monero based stable coin, created from burning $XHV inside the Haven vault found at http://havenprotocol.org . Inside this vault, you can easily convert $XHV to $xUSD with infinite liquidity.
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What is infinite liquidity?Well, on an exchange,if you have a large sum of money you wish to transact,you often cannot find enough of the coin you want,at the same price. You'll often have to be very patient and buy it as it comes, or buy up the market to fill your order.
$XHV
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For example,if a XHV is $20.00,likely theres a limited amount of $XHV available for that. To fill an order for $1000 youll likely end up getting it for an average cost of say $22,depending on available liquidity on the exchange the time.This is where the vault comes in handy.
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Inside your own vault, this is not an issue. You can move any amount of $XHV or any other asset available, for the exact amount you want, at the exact price you want. So if you want to mint $xUSD at $50.00 from XHV, you will get the full amount worth of xUSD.

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This is important to understand, because, it really gives you an advantage to using an exchange for trading. It provides you with instant mint's and burns, which is really a fancy way of saying, buys and sells.

$XHV $xUSD
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And it saves you all the money you'd lose, from having to sell down market prices if you're in a hurry to simply cash out. $xUSD saves the day, by allowing you to get the full value of your $XHV at any given time, with infinite liquidity.

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Which is in and of itself,an incentive to use $xUSD in vault,rather than all the wait times to send coins back and forth to the exchange and then paying the spread differences to sell your hard earned gains. $XHV makes all this possible. $xUSD is the utility $XHV was made for.
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That's just one reason why $xUSD is something everyone should know about. One of the more obvious reasons,is simply,its a stable coin,not related to Ethereum. It also has the benefits of being completely private,and can be sent to other $xUSD addresses making it fully useable.
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It grants you, infinite liquidity, privacy, and full transferability, and its not subject to any ERC-20 fees. Why would anyone ever use $USDT after learning this. And this is just the tip of the iceberg of what $xUSD offers the world. This is just the basics! $XHV
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Lets get into the more complicated aspects of $xUSD. First of all, $xUSD is minted from $XHV. Until there are volatile xAssets, this will be the only way xUSD is created. Later on, once volatile xAssets exist, xUSD may be created through gains in those assets.
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However, for now, burning your $XHV is the only way $xUSD is created. Which means, a whole lot of XHV will be burnt in order for people to use xUSD in the first place. This is why XHV is rising in value, so that people decide to cash some of their profits into xUSD.
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To understand $xUSD, you first have to understand $XHV, and how it offers you the ability to be your own treasury. 1 XHV is currently worth $24 xUSD. Well in order for there to be billions of xUSD, 1 XHV will need to be worth a lot more to make it happen.
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This will cause a demand for $xUSD, which by default creates a demand for $XHV, and might actually end up creating a scarcity of XHV on exchanges, simply because of the ability it offers people in creating their own privacy stable coin, and soon, other assets.
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Not only that, but as people create $xUSD to store their gains,they can actually earn more money on their gains,simply by becoming a liquidity provider on @THORChain and earning APY with impermanent loss protection after 100 days.This will incentivize people to mint xUSD
$XHV
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This is all before the introduction of other xAssets such as xBTC. Any xAsset will require $xUSD to be created. Thus further creating demand for xUSD, and by default $XHV. xUSD is really the star of the show, and few people see its true brilliance.
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To top it all off, $xUSD is not backed by the dollar. $USDT claims to be backed dollar for dollar, but no one really knows if that's true. No one really knows if USDT is honest. It's also not private, so they can freeze and seize funds at any given time if needed.
$XHV
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$xUSD can never be seized, frozen, and transaction history and balance is forever private and only under your control. It's also immune to any kind of audit, because it's not backed by the dollar. It's backed by the $XHV that were originally burnt to create it.
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You are always guaranteed the exact amount worth in $XHV that you hold in xUSD. If XHV appreciates in value, you will get less XHV but still the same value out of it. This makes $xUSD far more reliable than $USDT ever was, or ever will be.
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Once volatile xAssets are introduced, the demand for $xUSD will skyrocket, because it's required to mint any other xAsset. So when you really start to look into this, and see the sheer amount of xUSD that's going to be needed to make the private synthetic ecosystem work,
$XHV
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it will blow your mind. You will see why $XHV is so valuable, and why it must rise in value, to allow all of it to happen! It's far superior than the mainstream solutions, and you can bet people will notice! $xUSD is beyond brilliant, it's genius.
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But wait, there's more. The Haven debit card is coming, which will allow people to spend their $xUSD or their xEUR or xCNY at point of sale locations across Europe and the USA, directly from your vault, while maintaining private balances. Real world utility!
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If your mind isnt blown by now thats ok,because theres so much more to this. $xUSD is as close to cash in digital form,as we will ever get.We have always said cash is king.But times change. $XHV just dethroned cash and crowned $xUSD. Now's your chance to join the revolution.
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