Phase Dollar(CASH)
Market Cap$70.62
Price-
Total Circulating70.62
Stablecoin Information
Every $CASH token is backed with 1 USD or more worth of assets. Due to protocol fees, $CASH incurs a premium to its price, which is captured by the protocol for backing.
Category:fiat-backed
Minting and Redemption
Minting is done via first depositing collateral into the vaults, and then minting/borrowing the stable. Redeeming/paying back/burning the stable (action burns it under the hood) lets the user pay back their debt to the vault, unlocking their collateral
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.54% | -0.54% | -0.54% | 70.62 |