TREN Debt Token(XY)
Market Cap$4,578
Price$1
Total Circulating4,579
Stablecoin Information
XY is a synthetic dollar debt token in the Tren Finance ecosystem, backed by overcollateralized loans and using LayerZero's OFT standard for cross-chain transfers
Category:crypto-backed
Minting and RedemptionUsers mint XY by depositing collateral, while redemption is managed through automated peg stability contracts and buyback-and-burn mechanisms, avoiding direct redemptions to protect user collateral
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | 0% | 0% | 0% | 4,579 |