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What is Universal Market Access (UMA)?

Crypto Terms Glossary: What is Universal Market Access (UMA)?

Universal Market Access (UMA) is a specialized protocol built on Ethereum that allows users to create custom synthetic cryptocurrency tokens. Synthetic tokens are collateralized by another asset, while reflecting that asset's price in real time. Essentially any type of asset, both physical and digital, can be tokenized via UMA and integrated into the rapidly evolving ecosystem of blockchain-enabled decentralized finance (DeFi).

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