Precious Metals USD pmusd
What is Precious Metals USD?
Precious Metals USD (pmUSD) is an RWA-backed stablecoin from RAAC Protocol. It's backed by tokenized gold (fGOLD) and designed for $1 NAV.
What problem does Precious Metals USD solve?
Gold is difficult to use in DeFi. RAAC tokenizes gold and makes it usable as collateral for stablecoin issuance with volatility separation.
How does Precious Metals USD work?
Users deposit fGOLD to mint pmUSD and xPM. pmUSD targets $1 NAV; xPM absorbs gold volatility. Instruxi oracle uses Chainlink gold price. Under-collateralization triggers pro-rata redemption.
Key facts
- Ticker: pmUSD
- Ethereum contract: 0xc0c17dd08263c16f6b64e772fb9b723bf1344ddf
- 18 decimals
- Gold-backed
- RWf(x) system
- Chainlink oracle
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Frequently asked questions
What is pmUSD?
RAAC's gold-backed stablecoin.
What backs it?
Tokenized gold (fGOLD).
External trackers
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