SigmaUSD price

SIGUSD

What is SigmaUSD?

SigmaUSD is the first UTxO-based stable coin — an instantiation of the AgeUSD protocol. The foundation on which a new era of digital finance will be built.

Its economic model designed in partnership between IOHK, Ergo, and Emurgo maintains the conservative settings for collateral reserves and avoids the need for liquidations. Along with that, it supports a fully decentralised stablecoin emission setup. Thus, SigmaUSD will offer the world a stable, simple, and decentralised stablecoin.

With SigUSD, you can send payments anywhere with a currency that is always pegged to the value of the United States Dollar. There is a 2.25% fee for minting protocol tokens, which goes to reserve (SigRSV) token holders. When the reserve ratios are below or above certain levels, the protocol will lock itself to protect and maintain the value of the peg and the reserve token holders. For a comprehensive overview of how the reserve ratios are set, please see our article: https://ergoplatform.org/en/blog/2021-07-30-ergos-ageusd-protocol-sigrsv-and-sigusd/