Stablecoin Information
Sperax USD (USDs) is a USD-pegged stablecoin that is primarily backed by crypto collateral which generates organic yield for its holders.
Category:crypto-backed
Minting and Redemption
Using the Sperax app, USDs can be minted by locking USDC or USDT and burning SPA in a proportion determined by the protocol's collateral ratio.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | >-0.0001% | -0.15% | +0.12% | 514,392.69 |