SDUSD is over-collateral based stablecoin, and it’s the first stablecoin on NEO blockchain. Users in Alchemint platform can use smart-contract and oracle system to issue stablecoin SDUSD which pegged at 1:1 ratio to USD by over-mortgaging cryptocurrency NEO. SDUSD is a decentralized stablecoin, it won’t have the acceptance problem which centralized stablecoin have. SDUSD provided a new option for NEO holder, which means people can use the Alchemint platform, mortgage their NEO to issue SDUSD. People can trade SDUSD with other cryptocurrencies or exchange SDUSD for fiat currencies.

SDUSD

A USD-pegged stablecoin on NEO blockchain issued by Alchemint

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