Bytecash(BYC)
Market Cap$54,519
Price$1
Total Circulating54,533
Stablecoin Information
Bytecash (BYC) is a USD-pegged stablecoin natively issued by Circuit, a CDP protocol on Chia. BYC is overcollateralized with XCH, the native coin of Chia.
Category:crypto-backed
Minting and RedemptionBYC gets minted when users borrow against collateral they have deposited. BYC gets melted when debt is being repaid.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -2.54% | -5.30% | -1.71% | 54,533 |