RUSD: Radix’s native stablecoin
Guaranteed stability, full support, and ease of use on the most advanced DLT network
Stability and confidence
What is RUSD?
A Radix native stablecoin using Scrypto components, RUSD is a fiat backed stablecoin pegged to the U.S. dollar. Each token is redeemable for an equivalent sum in dollars and to mint tokens users need to deposit the quantity they want in tokens.
Deposit can be as small as 5 dollars to mint tokens on Radix. Anyone that goes through the KYC process can also burn the coins and receive the cash deposit in an account of their choosing.
1 RUSD = 1 USD (Perfect parity)
Banqui
RUSD is a fiat-backed stablecoin with a custodian located in the United States and regulated by the laws and regulation of the country
How RUSD Works
1
Complete KYC
Complete a simple and secure identity verification process to access all features.
2
Deposit USD
Transfer dollars (from $5) to the regulated custodian account via ACH, wire transfer, or card.
3
Receive RUSD
RUSD tokens are minted automatically and sent to your Radix wallet at a 1:1 ratio.
4
Request Redemption
When you want to convert your RUSD to USD, initiate a redemption request from your wallet.
5
Burn Tokens
Your RUSD tokens are permanently burned, reducing the circulating supply.
6
Receive USD
The USD equivalent is sent to your verified bank account quickly and securely.
Use cases
Daily Payments
Make fast, low-fee transfers on the Radix network without worrying about volatility.
Risk-Free Trading
Trade on decentralized exchanges, maintaining a stable value while you wait for market opportunities.
DeFi on Radix
Participate in lending, staking, and other DeFi protocols with a stablecoin as collateral or liquidity.
Secure Savings
Keep your funds safe with the peace of mind of being able to convert them to USD at any time.
Road map
Our Strategy & Project Plan
marzo
2021
- Concept Generation
- Team Assemble
- Concept Generation
- Team Assemble
mayo
2021
julio
2022
- Concept Generation
- Team Assemble
- Concept Generation
- Team Assemble
septiembre
2023
junio
2024
- Concept Generation
- Team Assemble
marzo
2021
- Concept Generation
- Team Assemble
mayo
2021
- Concept Generation
- Team Assemble
julio
2022
- Concept Generation
- Team Assemble
septiembre
2023
- Concept Generation
- Team Assemble
junio
2024
- Concept Generation
- Team Assemble
Contact
Contact banqui
- Info@banqui.io
- +01 0977425031
- Join us on Telegram
