Platform basics
Understand our dollars, shared reserves, asset markets, and liquidity.
We connect branded dollars and asset markets through shared reserves. Each dollar is backed 1:1 by its reserve asset, such as USDG or USDC. The app shows which backing is available on your selected network.
| Term | Meaning |
|---|---|
| Reserve asset | The asset deposited to back a dollar. |
| Branded stablecoin | A dollar with your own name and identity. Issuing one does not open a trading pool. |
| Market dollar | The dollar created to price a particular asset market. |
| Paired asset | The asset people buy and sell in that market. Its price can change. |
| Liquidity provider | Someone supplying the tokens that others trade against. |
Issuing and minting
Issuing creates your stablecoin's identity. Minting deposits reserve assets to create a spendable balance. You can choose to mint an initial balance after issuance, through a separate transaction.
Markets and liquidity
Each asset market trades against its own market dollar. For example, a price of 10 market dollars means one asset costs 10 units at that quoted price. The dollar's 1:1 reserve backing does not fix the asset's price.
Liquidity providers supply the pool used for trading. Yield on reserve dollars held in a market goes to its liquidity providers, less a protocol share. A standalone stablecoin's yield goes to its treasury. Holding either dollar alone does not earn reserve yield.
Our market creation flow is coming soon. You can browse existing markets in Stables Trade.