DescriptionDollar on Chain an over-collateralized USD-pegged stablecoin backed by rBTC on the RSK Blockchain.
Category:crypto-backed
Minting and RedemptionUsing the Money On Chain app, users mint DoC by depositing rBTC into a vault. When the loan is repaid to retrieve the collateral, the paid back DoC is burned.
Dollar on Chain (DOC)