Stablecoin Information
USDE is a decentralized stablecoin pegged USD 1:1 from XBANKING protocol with a yield mechanism in DeFi
Category:crypto-backed
Minting and Redemption
USDE is minted when users deposit stablecoins like USDT, USDC, or DAI into XBANKING’s smart contract, and it is redeemed by burning USDE to withdraw the underlying stablecoins, which are passively earning yield through DeFi strategies
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.00% | -0.00% | -0.00% | 49,147.57 |