trenUSD
A USD pegged algorithmic stablecoin backed by long tail assets native to Tren Finance
What is trenUSD?
The trenUSD token is a synthetic dollar backed by a variety of assets. Tren Finance maintains a constant value for the trenUSD token through overcollateralized loans, allowing for the token to keep its peg to 1 USD.
trenUSD operates as an ERC20 token but offers additional functionality beyond the standard ERC20 behavior. Standard token operations, such as transfers, allowances, and balance inquiries, adhere to the ERC20 standard.
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