What is HLUSD?
HLUSD, the synthetic dollar of HeLa Chain, plays a crucial role in facilitating seamless and efficient transactions within the ecosystem.
As a synthetic dollar backed by a basket of assets, HLUSD ensures a redemption of 1 USD, providing users with a stable and reliable means of value exchange.
The stability and predictability of HLUSD are achieved through its backing with assets held in secure custody. This rigorous custodial arrangement ensures transparency and trust, assuring users that their HLUSD holdings are fully backed and secure.
Properties
Name
HeLa Synthetic Dollar
Symbol
HLUSD
Peg
1 HLUSD = 1 USDC
Backing
Fully backed by custodial USDC
Usage
Gas fees, contract execution
Custody
Regulated custodians
Multi-Currency Extension
HeLa supports additional stablecoins:
HLEUR (Euro)
HLSGD (Singapore Dollar)
HLINR (Indian Rupee)
Any of the above may be used to pay network fees in supported regions.
Note : This extension is not yet available. However, the team is actively working on extending support, and a multi-currency module is planned for future releases.
Developer Quick Start
HLUSD is only enforced for HeLa official runtimes.
Third-party runtimes may:
Define their own native tokens.
Override fee currency denomination.
HLUSD smart contract interface follows the ERC-20 standard with extensions for fee integration.
Overall, HLUSD stands as a foundational pillar of the HeLa Chain, providing a robust and reliable stable coin solution.
With its backing of 1 USD for every HLUSD, safeguarded by a regulated custodian, and its integral role in powering all transactions, HLUSD exemplifies the commitment of HeLa Chain to offer a user-friendly and secure blockchain platform that bridges the gap between traditional finance and the decentralized world.
Next Steps for Developers
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