zkUSD

Introduction

zkUSD is a collateralized stablecoin that offers stability, cross-chain interoperability, and a seamless user experience within the zkUSD ecosystem.

Key Features

  • Stability: zkUSD maintains a stable value, making it an ideal medium of exchange and store of value within the zkUSD ecosystem.
  • Cross-Chain Interoperability: Transfer zkUSD tokens seamlessly across different blockchain networks, enabling cross-chain transactions and interoperability.

How zkUSD Works

  1. 1.
    Collateralization: Users collateralize their assets and lock them in the zkUSD protocol, which allows them to mint zkUSD tokens.
  2. 2.
    Stability Pool: The stability pool acts as a reserve that helps maintain the stability of zkUSD by managing price fluctuations and ensuring liquidity.
  3. 3.
    Privacy-Preserving Transactions: zkUSD leverages zero-knowledge proofs to provide privacy-enhanced transactions, ensuring the confidentiality and security of user transactions.