Stablecoin information
Money Protocol is a decentralized system that allows anyone to monetize or borrow against their Bitcoin without paying an annual interest rate. When locking up BTC as collateral in Money Protocol and creating a Vault, the user can get instant liquidity by minting BPD. Bitcoin Protocol Dollar or BPD is a decentralized, collateral-backed stablecoin target pegged to the US Dollar.
Category:crypto-backed
Minting and Redemption
Each Vault is required to be collateralized at a minimum of 110%. Holders of BPD can redeem their stablecoin for the underlying BTC collateral at any time.
Audits:No
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.01% | -0.01% | -0.10% | 2,207.76 |