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Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on the Ethereum blockchain. It allows users to create and trade synthetic assets, which are blockchain-based assets that track the value of real-world assets like commodities, fiat currencies, and cryptocurrencies.
USDB (US Dollar Blockchain) is a stablecoin designed to maintain a 1:1 peg with the US Dollar, providing users with a reliable digital currency that combines the stability of traditional fiat currencies with the advantages of blockchain technology. It aims to facilitate seamless transactions, enhance financial inclusion, and provide an alternative to conventional banking systems in the digital economy.