Bytecash(BYC)
Market Cap$53,039
Price$1
Total Circulating53,056
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 | -0.95% | -3.80% | -8.20% | 53,056 |