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Carbon USD is an over-collateralized Cosmos-native stablecoin soft-pegged to USD
Carbon USD is an over-collateralized Cosmos-native stablecoin soft-pegged to USD following the battle-tested MakerDAO's Collateral Debt Position (CDP) model that mints the DAI stablecoin. USC is available for minting via its native Nitron Money Market platform. USC is a decentralized stablecoin, where new tokens are issued through the use of autonomous smart contracts on the Carbon blockchain. $USC is backed by other digital assets that are put up for collateral to mint the $USC tokens, on demand. By controlling the types of accepted collateral, minimum collateralization ratios, and the interest rates for borrowing or storing $USC, Carbon is able to control the amount of $USC in circulation, and thus its value.
USC is Cosmos-native and supports IBC tokens (e.g. ATOM, OSMO) as collateral. This makes $USC a secure, Cosmos-native stablecoin that can be used on other IBC-enabled chains securely (without having to rely on bridged stablecoins, which are often the target of exploits).
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