What is Usd Bancor

Article Summary, Automatically Generated By AI

Summary

  • Launch Date: 10/07/2019
  • Creators: Bancor and PEG Network
  • USDB (USD Bancor): Stable version of BNT (Bancor Network Token)
  • Backed by: BNT locked in CDPs on Ethereum

About USD Bancor: A Stablecoin Pioneer

Launched on July 10, 2019, by Bancor and PEG Network, USDB (USD Bancor) represents a stable iteration of BNT (Bancor Network Token), collateralized by BNT locked in Collateralized Debt Positions (CDPs) on the Ethereum blockchain.

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