DescriptionUSDP is a decentralized, unbiased, and fully-backed stablecoin whose value is soft-pegged to US Dollar. USDP runs on the Ethereum, BSC, and Fantom networks.

Category:crypto-backed

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