xUSD

xUSD is a stablecoin on the Neo X chain that shares similar characteristics with xAssets but features a broader range of collateral types and supported blockchains. xUSD is backed by stable assets such as USDT and USDC from various chains, including Binance Smart Chain (BSC), Arbitrum, and Base. This flexibility allows users to issue xUSD by bridging USDT or USDC from different networks.

Bridging and Collateral

Users can issue xUSD by transferring USDT or USDC from any supported blockchain (BSC, Arbitrum, Base, etc.). The system will issue an equivalent amount of xUSD on the Neo X chain.

• Collateral Types: xUSD is collateralized by USDT and USDC from multiple blockchains:

  • Binance Smart Chain (BSC): USDT, USDC

  • Arbitrum: USDT, USDC

  • Base: USDT, USDC

The total supply of xUSD is always equal to the total amount of USDT and USDC held as collateral across all supported chains. This ensures that xUSD is fully backed and stable.

Supply and Redemption

When redeeming xUSD, if there is insufficient USDT on a specific chain (e.g., BNB chain), the system will use USDC from that chain or stable assets from other supported chains to fulfill the redemption request.

If the selected redemption asset is insufficient, the UI will notify users and prompt them to choose an alternative chain or stable asset to complete the redemption. This ensures a smooth user experience and helps manage cross-chain liquidity effectively.

xUSD, supported by Carrot Swap, offers a flexible and reliable stablecoin solution on the Neo X chain. By utilizing collateral from multiple blockchains and providing an intuitive user interface, xUSD enables easy asset bridging and redemption while ensuring stability and liquidity across different networks.