USDs is TheStandard's USD-pegged stablecoin, central to the protocol's borrowing operations.

Minting Process:

• Users deposit collateral into a Smart Vault. This can be single or multiple collateral types. THere is a list of collateral types here.

• Based on the collateral value, users can mint USDs with 0% interest but they must always have a minimum of 110% collateral.

• A variable minting fee is applied, typically aimed at around 1% of the initial debt. (Sometimes more, sometimes less. The interface will let you know what the current fee is.

• This fee is added as debt on top of the requested loan amount.

• The minting fee is distributed to TST stakers as a reward in the stablecoin.