Stablecoin Information
Bitcoin stablecoin based on over-collateralization
Category:crypto-backed
Minting and Redemption
Users deposit a specific amount of BTC into bitSmiley Treasury to generate bitUSD. To redeem their deposited BTC, users need to repay the generate bitUSD and also pay a certain amount of stability fee.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | >-0.0001% | >-0.0001% | >-0.0001% | 253,502.94 |