Threshold USD(THUSD)
Market Cap$590,904
Price-
Total Circulating590,904
200m
Stablecoin Information
Threshold USD (thUSD) is a stablecoin soft-pegged against USD and backed by ETH and tBTC as collateral, with a minimum collateral ratio of 110%.
Category:crypto-backed
Minting and RedemptionA redemption is the process of exchanging thUSD for tBTC at face value, as if 1 thUSD is exactly worth $1. That is, for x thUSD you get x Dollars worth of tBTC in return. Users can redeem their thUSD for tBTC at any time without limitations. However, a redemption fee might be charged on the redeemed amount
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | < 0.0001% | < 0.0001% | -0.73% | 590,904 |