Vector

VUSD is Backed by other StableCoins such as USDC , USDT, DAI, BUSD, Frax and more.

Creation of VUSD

Deposite the collateral Tokens(USDC, USDT, DAI, BUSD, Frax) and Mint VUSD

Burning of VUSD

Burn VUSD and get back the collateral Tokens(USDC, USDT, DAI, BUSD, Frax)

Why we Need VSDC

Diversification: By backing the VUSD with multiple stablecoins, the risk is spread across various assets, reducing the potential for any one asset to cause a significant impact on the overall value of the stablecoin.