Bytecash(BYC)
Market Cap$49,682
Price$1
Total Circulating49,694
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 Redemption
BYC 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 | -1.10% | -2.04% | -9.53% | 49,694 |