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Easily convert TSLAX to LUSD with ConvertOnline's efficient tool.
Tesla tokenized stock (xStock) (TSLAX) is a digital asset that represents a fraction of ownership in Tesla Inc. shares, allowing investors to trade and hold Tesla stock in a decentralized manner using blockchain technology. This tokenization facilitates easier access for investors, enabling them to buy, sell, or hold shares without the complexities of traditional stock trading platforms.
Liquity USD (LUSD) is a decentralized stablecoin designed to maintain a stable value pegged to the US Dollar. It operates on the Ethereum blockchain and enables users to access liquidity without selling their collateral assets, thanks to a unique borrowing system.