Kolibri USD (KUSD)

DescriptionKolibri is an Tezos based stablecoin built on Collateralized Debt Positions (CDPs).

Category:crypto-backed

Minting and RedemptionUsing the Kolibri app, users mint KUSD by depositing an accepted collateral asset into an oven. When the loan is repaid to retrieve the collateral, the paid back KUSD is burned.