What is USD1?
Comprehensive information about USD1 and its ecosystem
About the Project
USD1 provides a digital dollar stablecoin with credibility and safeguards from traditional finance, offering sovereign investors and major institutions a way to conduct seamless, secure cross-border transactions. The reserves are custodied by BitGo, the world's largest independent qualified custodian. Unlike traditional stablecoins, USD1 aims to reduce friction by eliminating transaction fees on minting and redemption. Users can deposit U.S. dollars directly into BitGo-managed accounts to mint USD1 tokens and redeem them for fiat currency with minimal delay.
Category & Classification
Category:
Stablecoin, DeFi
Tags:
Stablecoin
Institutional
Cross-border Payments
DeFi