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All prices / SoulPeg USD
SoulPeg USDSPUSD
Rank #1425$0.9998▼0.72% in 24 hours
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About SoulPeg USD
SoulPeg USD (SPUSD) is a BEP-20 stablecoin wrapper for the non-transferable sUSDC deposit token. Users mint SPUSD by wrapping sUSDC and can always unwrap back to sUSDC; on redeem, SPUSD is burned. The $1 target is maintained on-chain by a simple market-making bot that trades the SPUSD/USDC v2 pool on PancakeSwap and by reserves deployed in transparent lending strategies (currently Venus). Contracts are verified on BscScan, liquidity is partially time-locked via PinkLock, and all docs/code are public.
Categories: Stablecoins, BNB Chain Ecosystem.
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