DescriptionzkUSD is an algorithmic stablecoin whose value is pegged to the US Dollar. The peg is maintained by an algorithmic over-collateralization of assets. This means that the value of zkUSD is kept stable at $1 by always having more assets within the sportsbook backing it than its value, ensuring that it is a stable medium of exchange within the Goal3 sportsbook.
Category:crypto-backed
Minting and RedemptionThe official mint/redemption gateway is the Goal3 Portal. 1 $zkUSD can always be redeemed through the portal into 1 USDC. Other venues of exchange for $zkUSD include SyncSwap and MEXC exchange.
zkUSD Dollar (zkUSD)