USDtez (USDTZ)

USDtez (Symbol: USDtz / USDTZ) is a USD-pegged stablecoin based on the Tezos blockchain. It is built on the FA token standard, a fungible Tezos community standard. USDtz is backed by a full collateral reserve, ensuring solvency and scalability. This stablecoin provides liquidity for low-fee Tezos-based asset trading and commerce, making it an ideal solution for traders and businesses.

The main way to acquire USDtz is through exchanges, including automated market makers like Quipuswap and Smartlink Vortex and cross-chain bridges like TezEx. Trusted minteries can be used to avoid slippage or liquidity limitations. Minteries facilitate the buying and selling of USDtz for USDC 1-1 and provide liquidity for exchanges. Additionally, individuals can qualify as minters and mint USDtz or create their mintery.

USDtez has several key features that make it a valuable stablecoin. It offers scalable liquidity for Tezos trading, supporting the growing volume and demand for XTZ. USDtz operates on a full-reserve model, where minting begins with a collateral deposit of fiat or certain other stablecoins. The reserves are audited monthly and can be publicly verified. As a Tezos-exclusive stablecoin, USDtz focuses on developing and governance the Tezos ecosystem. There are no stability fees associated with holding USDtz, and it is designed to be fast and gas-efficient for transactions on the Tezos blockchain.