DescriptiondUSD is a decentralized and full-reserve stablecoin, backed by an on-chain reserve of other USD-denominated stablecoins and yieldcoins. Based on the ERC-20 standard, every dUSD token is backed by at least $1 of collateral and can be minted permissionlessly via smart contracts with no fees (excluding gas).
Category:crypto-backed
Minting and RedemptionMirroring the US Dollar's non-redeemability for its underlying gold reserves post-Nixon Shock (1971), dUSD is also designed to have non-redeemable reserves to maximize float interest generation. In place of redemption, dUSD relies on open market operations to manage liquidity and stability, similar to the Fed.
dTRINITY USD (dUSD)