swanUSD

SWANUSD

swanUSD is a decentralised stablecoin created using Monolith, a permissionless stablecoin infrastructure protocol that enables the creation of collateral-backed stablecoins. swanUSD is collateralized by wrapped staked Ether (wstETH), with its design intended to provide a stable digital asset for use within decentralised finance (DeFi). The project is part of the SwanDAO ecosystem, where SWAN serves as the governance token responsible for governing swanUSD. Users can explore swanUSD liquidity and trading activity through its USDC trading pool on Curve Finance. The project aims to make collateral-backed stablecoin infrastructure accessible within the wider DeFi ecosystem, allowing users to interact with swanUSD through supported decentralised markets and applications.