Stablecoin Information
ftUSD is Flying Tulip's dollar-pegged token designed for stability first, usable as a composable on-chain dollar with optional yield when staked as sftUSD.
Category:crypto-backed
Minting and Redemption
ftUSD is minted by depositing a stablecoin such as USDC or USDT, and redeemed by converting ftUSD back to the input asset at the prevailing rate; holders can stake ftUSD as sftUSD to earn yield.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.05% | -18.30% | -8.08% | 3.81m |