DescriptionRedeemable USD is a fiat-backed stablecoin on both the Cardano and Shareslake networks. It is a USD backed stablecoin in a 1:1 basis.

Category:fiat-backed

Minting and RedemptionUsing the Shareslake Dashboard, users can deposit USD on Shareslake or ADA on Cardano to mint RUSD. RUSD can be redeemed for USD at any time.