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.