Czodiac USD(CZUSD)
Market Cap$906,368
Price$1
Total Circulating906,623
Stablecoin Information
The CZUSD peg to BUSD is maintained by the innovative ScorchPeg system. The ScorchPeg holds a portion of BUSD in reserve and utilizes it to keep CZUSD at a steady $1 value through trades on Pancakeswap. During normal market conditions, the peg remains strong, however, during periods of stress, the ScorchPeg will temporarily pause, and CZUSD will be allowed to float.
Category:crypto-backed
Minting and RedemptionCZUSD and BUSD swapping.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | < 0.0001% | 0% | 0% | 906,623 |