FAQs

What type of stablecoin is USDLR?

USDLR is a fiat-backed stablecoin, similar to USDC and USDT.

What is USDLR backed by?

USDLR is fully backed by U.S. Dollars and short-term U.S. Treasury bills stored with regulated custodians with a strong track record of operational excellence like BitGo.

Does Stable share yield with USDLR holders?

No, Stable does not share yield with USDLR holders. The interest income that Stable earns from U.S. Treasury bills in the USDLR reserves is only shared with companies that help drive demand for USDLR, such as DeFi protocols and crypto companies.

How is USDLR different from other fiat-backed stablecoins?

Unlike other fiat-backed stablecoin, affiliates can receive rewards from Stable on their users' USDLR deposits. Please reach out to [e-mail] to learn more about our affiliate program.

Who qualifies to be an affiliate that can receive rewards from Stable?

Stable works with affiliates that can drive demand for USDLR. This includes DeFi protocols, dApps and crypto companies that allow their users to buy, hold, save and/or transact using USDLR.

Who can mint and redeem USDLR?

Non-US institutions with Stable accounts will be able to directly mint and redeem USDLR from our application. Users without accounts will be able to obtain USDLR from the secondary market, including from Stable affiliates, decentralized exchanges or non-US institutions with Stable accounts.

If you're interested in directly minting and redeeming USDLR, please reach out to [e-mail]!

How can I acquire USDLR?

Users without accounts will be able to obtain USDLR from the secondary market, including from Stable affiliates, decentralized exchanges or non-US institutions with Stable accounts.

What can I use USDLR for?

Like any other fiat-backed stablecoin, USDLR can be freely held, transferred, or used to provide liquidity or collateral to various DeFi protocols. Affiliates that we work with may offer incentives for their users to provide USDLR as liquidity or collateral.

How does Stable make money?

Stable makes money by investing the fiat that backs USDLR into U.S. Treasury bills, which are currently yielding approximately 5%.

What are USDLR risk factors?

Although Stable takes measures to protect USDLR users, risks include but are not limited to:

• No guarantee of price stability. Although one U.S. Dollar ($1) or one USDC is always required to mint one USDLR and one USDLR can always be redeemed for $1, and Stable will always hold reserves in cash and cash equivalents, the price of USDLR may deviate from the U.S. Dollar. This can happen if there is a sudden increase or decrease in the demand of USDLR which would drive the price of USDLR above or below $1, or if the value of the cash equivalents deviates from their expected value.

• Counterparty risk. Stable relies on multiple third parties to custody the reserve assets. These custodians may in turn rely on other parties for custody services. If any of these third parties fail for reasons outside of Stable's control, the reserve assets backing USDLR may be adversely affected.

• Blocked addresses. Stable reserves the right to block certain USDLR addresses, and freeze the associated USDLR, that it determines are associated with illegal activity or if it receives a legal order from a government authority to do so.

• Smart contract risk.

• Regulatory risk. Regulatory and legislative changes or actions may adversely affect the minting, redeeming, use, transfer and value of USDLR.