Liquity USD

LUSD StablecoinUSDDeFi

LUSD is the stablecoin of Liquity v1, minted as interest-free debt against ether collateral in a system with no governance and no upgradeable contracts. Its dollar peg is held by direct redemption: anyone may swap LUSD for the underlying ETH at face value, which caps how far below a dollar it can trade.

Pegged to usd
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