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⌘K

Sperax USD (USDS)

Market Cap$862,289

Price$1

Issuance Stats
Total Circulating	859.71k

Optional Circulating Counts
Unreleased	0

DescriptionSperax USD (USDs) is a USD-pegged stablecoin that is primarily backed by crypto collateral which generates organic yield for its holders.

Category:crypto-backed

Minting and RedemptionUsing the Sperax app, USDs can be minted by locking USDC or USDT and burning SPA in a proportion determined by the protocol's collateral ratio.

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Bridge