USTB Token
USTB is a fully permissionless, cross-chain, rebasing dollar-pegged stablecoin.
USTB is a wrapped version of USDM, with USDM supplying 100% of the backing for USTB.
USDM is backed by Mountain Protocol's reserves of short-duration US Treasuries (T-Bills) having an average duration of less than 3 months or less. Learn more about USDM.
US Treasuries are considered one of the safest yield-producing, USD-denominated investment options. T-bills guarantee a risk-free yield, backed by the full faith and credit of the U.S. government.
USTB is an ERC20 rebasing token, with a redemption value pegged at 1:1 to USDM, which in turn has a redemption value pegged at 1:1 for primary customers. Like other fiat-backed stablecoins, we expect USTB to trade ~$1 in the secondary market, a function of buy/sell volume, liquidity depth and arbitrage opportunities.
Getting USTB
Minting
USTB is minted on Ethereum in the Tangible app.
USDM, purchased on Curve (Eth) or minted directly from Mountain Protocol is wrapped into USTB. Minting can only be done on Ethereum.
Once minting is complete, USTB can be bridged to any of the supported chains via LayerZero where it can be farmed or sold into liquidity pools.
Buying
Liquidity will be available for USTB on the following chains and exchanges:
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