arUSD (ARUSD)

Market Cap$78,372

Price	-

Issuance Stats
Total Circulating	78.37k

Optional Circulating Counts
Unreleased	0

DescriptionArable offers farms for staking with synthetic LP and synthetic cryptocurrencies. arUSD is a token that is pegged to USD. You can swap arUSD for any other synths on the Arable platform.

Category:crypto-backed

Minting and RedemptionUsing the Arable Finance app, users mint arUSD by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back arUSD is burned.