What Is Usdtz (USDTZ)?
The live USDtez price today is $0.988299 USD with a 24-hour trading volume of not available. They update USDTZ to USD price in real-time. This is up 0.85% in the last 24 hours. The current CoinMarketCap ranking is #9617, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy USDtez Coin at the current rate, the top cryptocurrency exchange for trading in stock is currently QuipuSwap. You can find others listed on crypto exchanges page. This is a USDC-pegged Tezos stablecoin issued by the Tezos Stable Technologies Ltd.
| Coin Basic | Information |
|---|---|
| Coin Name | Fudge |
| Short Name | $FUDGE |
| Total Supply | 95,005 |
| Max Supply | N/A |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Liquidity for Tezos Trading: scalable, on-chain, programmable
USDtez (Symbol: USDtz / USDTZ) is a USD-pegged stablecoin based on a fungible Tezos community standard — the FA token standard. USDtz is hard-backed with a full collateral reserve providing a solvent, and scalable source of liquidity that is the ideal solution for low-fee Tezos-based asset trading and commerce.
3 Main ways of Getting USDtz
Exchanges
In most cases (for ‘small amounts’) you’ll get your USDtz from an exchange. This includes AMMs (Automated Market Makers) like Quipuswap, and Smartlink Vortex, as well as cross-chain bridges like TezEx (Tezos Exchange)
Minteries
If you want to buy USDtz for USDC 1-1 without the slippage or liquidity limitations of exchanges, and perhaps you are seeking enough funds to provide liquidity to those exchanges, using the services of a trusted mintery may be a better path
Mint
If you don’t want to go through a Mintery, and would rather mint on your own, then you may qualify to enroll as an individual minter as a Mintery. (You may also qualify to create a Mintery yourself, especially if you are a Tezos baking service in good standing)
Features of USDtez
Liquidity
The USDtz model is designed to be the most scalable model for liquidity. Tezos (XTZ) trading volume has grown by a factor of over 100x since early-2019, outpacing its similarly valued network peers. and XTZ trading seems to be in a continuing upward trajectory even still. More exchanges are adding XTZ and more traders and investors are adopting it in their respective portfolios.
With great demand and growing volume, comes a need for great supply. Supply in this instance is a form of on-chain liquidity.
Full-Reserves
The process of minting USDtz begins with a collateral deposit of FIAT by an enrolled USDtz minter. FIAT collateral deposits may include certain other stablecoins (those which themselves can be confidently redeemed for FIAT cash).
The USDtz reserve is audited monthly by Armanino LLP. Also, anyone in the world can audit USDtz’s reserves in real-time, by comparing the minted supply with the collateral wallet. Check the reserve page for more.
Tezos Domain Specialization
Tezos is USDtz’s core competency. Being Tezos-first and Tezos-only, USDtz advantage is its attention to Tezos evolving technology, governance, and the Tezos community. Unlike multi-chain stablecoins, USDtz’s interests need not reconciled with those of any other blockchain.
USDtz strives to be the Tezos developer-friendly choice, making use of Tezos protocol upgrades (e.g. zk-channels), advancing developer APIs, building its own governance on Tezos, and collaborating with ecosystem peer technologies for a greater ecosystem.
No Stability Fees
Many stablecoins charge stability fees or some form of that to keep the coin from under-collateralizing. Under-collateralization of a stablecoin, for however brief of a period, is what causes stablecoins to destabilize.
Since USDtz is backed with full FIAT-based solvency, and since that solvency can be audited at any time by any user (check reserve page), such concerns are not applicable to USDtz.
Therefore minters and users can hold USDtz without incurring any fees.
Faster
If you’re trading XTZ and other Tezos-tokens, accept no substitute. USDtz’s native on-chain nature makes it super gas-efficient, for the lowest fees.
USDtz is written on an optimized pure-Michelson smart-contract using the upgradeable FA Tezos-token-standard rendering the quickest most network-efficient swap, expending the least amount of gas.
Programmable Money
USDtz’s on-chain nature allows it to serve as programmable money — to support a wide-array of ecosystem applications in which remittance is executed through smart-contract-driven conditionals. These features are critical for financial instruments that depend on conditionals, such as bonds and derivatives.
