USTB Token
Last updated
Last updated
USTB is a fully permissionless, cross-chain, rebasing dollar-pegged stablecoin.
USTB is a wrapped version of , 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.
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.
Ticker
USTB
Token Type
ERC-20
Decimals
18
Contract Address
0x83feDBc0B85c6e29B589aA6BdefB1Cc581935ECD
Chains
re.al, OP, Base, Eth
USTB is minted on Ethereum in the Tangible app.
USDM, purchased on (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.
Liquidity will be available for USTB on the following chains and exchanges:
re.al
Optimism
Base