Horizen is proud to be partnered with Stably to provide the Horizen community with its own native stablecoin.
ZUSD, the outcome of a collaborative effort between Stably and Horizen Labs, is a fully-backed US Dollar stablecoin. The collateral for ZUSD is held in liquid USD-denominated assets by a designated trustee for the benefit of verified ZUSD token holders. This ensures that each ZUSD token can be minted or redeemed at a 1-to-1 rate with USD or USDC by users who passed Stably's KYC verification process.
Administered by Stably’s Wyoming-based registered money service business subsidiary, ZUSD is issued in compliance with FinCEN’s convertible virtual currency guidance (FIN-2019-G001), including BSA/AML regulations and OFAC sanctions. Additionally, periodic attestations will be performed by an independent attestor to verify that every ZUSD token in circulation is backed 1-to-1 with collateral.
Blockchain information about ZUSD:
- Contract address : 0xCEad8ee30e03aE87E5E709617f7FdF180Eef9973
- Contract name : ZEN USD (ZUSD)
- Decimals : 6
- Explorer link
Please find information related to fees here