This section is informational. Data comes from public sources and is not investment advice. Digital assets are volatile and may lose value.
Crypto collateral on Ethereum backs every unit of this dollar token. There are no bank reserves behind this design: the peg is maintained by a protocol that takes in collateral, issues the coin and liquidates a position once its backing falls too far in value. A sharp market drop is the real test of it.
A reference description of the project, not investment advice.