Introducing SEUSD - A New Stablecoin Backed by USDC on Polygon

SEUSD (SmartEscrow.org USD) is an exciting new stablecoin launched on the Polygon blockchain. It is designed to provide the speed, security, and low transaction fees of Polygon while maintaining a stable value pegged to USDC.

What is SEUSD?

SEUSD is a collateralized stablecoin, meaning each SEUSD in circulation is backed 1:1 with USDC held in reserve. USDC is a popular stablecoin pegged to the US dollar and backed by fully reserved assets. This backing with USDC on Polygon provides SEUSD with stability and trust.

SEUSD brings the benefits of stablecoins to Polygon. Its value remains steady compared to volatile cryptocurrencies, acting as a trusted medium of exchange and value store. SEUSD can be seamlessly used for payments, trading, lending, and more - all with fast settlement times and minimal fees through Polygon.

How Does It Work?

SEUSD relies on overcollateralization to maintain its peg to USDC. At all times, the supply of SEUSD in circulation is fully backed at least one-to-one by verifiable USDC reserves. This collateral ratio may be increased in the future to provide even greater stability and transparency.

The SmartEscrow.org team mints and burns SEUSD based on market demand. When demand rises, more SEUSD can be issued against additional USDC collateral. If demand falls, SEUSD can be burned and the backing USDC freed up for other uses. This responsive minting and burning preserves the one-to-one peg with USDC.

SEUSD is thoroughly transparent with blockchain-verified reserves, reserve ratio, and supply. This on-chain transparency ensures users can verify SEUSD is fully backed at all times.

Use Cases for SEUSD

• Stable payments - Make payments, trades, and transfers without worrying about volatility.
• DeFi protocols - Supply liquidity pools, lend, borrow, and earn yield with steady, predictable value.
• Stable savings - Escape volatility by parking assets without giving up interest.
• Fiat on/off ramp - Move between USD and crypto seamlessly via SEUSD's reliable peg.
• Merchant payments - Provide stability for commerce without traditional payment rails.

Start Using SEUSD Today

SEUSD brings the convenience of stablecoins to Polygon's low fee, high speed network. With full transparency and backing by USDC, SEUSD lets you unlock the potential of DeFi, crypto payments, and web3 services with minimized volatility.