DescriptionThala's stablecoin, Move Dollar (MOD), is backed by both native and multi-chain assets, with an additional ongoing focus on yield-bearing collateral types
Category:crypto-backed
Minting and RedemptionMint MOD by depositing collateral and borrowing less than its value, ensuring over-collateralization. Redeem MOD for $1 worth of collateral minus a fee, establishing a $1 price floor
Move Dollar (MOD)