finewhitechic/laos-dollar-lusd-

Laos Dollar ( LUSD )

Collateralized StableCoin

A “Collateralized Stablecoin” is a stablecoin that is entirely or almost entirely backed by collateral held in a reserve. Notable examples of fully-collateralized stablecoins include USDT, USDC and DAI. The collateral is used to provide holders of the token with an opportunity to redeem the tokens for U.S. dollars or other assets that can then be used in the real world.

Contract Address :

0x30e33c00a409860a44360c51d269c706d71ead81

BSCSCAN :

https://bscscan.com/address/0x30e33c00a409860a44360c51d269c706d71ead81

Official Site :

https://Laosdollar.com

Laos Dollar (LUSD) is a decentralized, collateral-backed cryptocurrency soft-pegged is held in cryptocurrency wallets or within platforms, and is supported on Binance Chain. LUSD is easy to generate, access, and use. Users generate LUSD by depositing collateral assets through the AI platform or launchpool. This is how LUSD is entered into circulation and how users gain access to liquidity. Others obtain LUSD by buying it from brokers or exchanges, or simply by receiving it as a means of payment. Once generated, bought, or received, LUSD can be used in the same manner as any other cryptocurrency: it can be sent to others, used as payments for goods and services. Every LUSD in circulation is directly backed by excess collateral, meaning that the value of the collateral is higher than the value of the LUSD debt, and all LUSD transactions are publicly viewable on the Binance Chain.