SORA Synthetic USD (XSTUSD)

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SORA Synthetic USD Information

Name SORA Synthetic USD
Symbol XSTUSD
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About SORA Synthetic USD

XSTUSD is an algorithmic stablecoin from the SORA (XOR) network. XST is a synthetic asset backed by a variable amount of XOR and pegged to a target index (e.g., a currency). XOR is minted/deminted to always guarantee the value of the pegged index. The first index implemented is linked to the value of DAI and is called XSTUSD.

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