A stable coin that collateral 1:1 on VONDER Dollar-Peg system
VUSD - Stable Token
BUSD is a U.S.-regulated stablecoin, fully backed by U.S. dollars: 1 BUSD = $1.00 USD. BUSD offers faster ways to fund your trades and is acceptable as a medium of exchange, store of value, and method of payment across the global crypto ecosystem.
VONDER Dollar-Peg (VDP) is a system that allows users to initiate minting and redemption of VUSD. The stable coin VUSD can be minted with BUSD at 1:1 collateral ratio, therefore the value of VUSD always equals $1. The minting process will consume a small fee in xVON.
xVUSD is a reward token. User can exchange xVUSD back to VUSD. The exchange ratio is depending on current market situation.