as of 05/29/2023
USH is a decentralized multi-collateral stablecoin, initially minted from assets supplied to our platform. Our stablecoin's value is pegged to the U.S. Dollar, which is maintained through market efficiency. As a decentralized stablecoin on the MultiversX Blockchain, USH is minted by users who must supply collateral at a specific collateral ratio. When users repay their borrow position or are liquidated, the USH is returned to the platform and burned. Interest payments made by USH minters go directly to our platform's treasury rather than the standard reserve factor collected when users borrow other assets and the principal is burned.
With the recent market volatility, there's a growing demand for a stablecoin that's decentralized, over-collateralized, and configurable. USH, controlled by our platform's governance, has the potential to become an essential part of the DeFi ecosystem with community support.