Overview
Overview
HYDT Stablecoin is HYDT Protocol's BNB chain-based, USD-pegged stablecoin backed by BNB collateral, aiming at providing high return for HYDT holders and keeping 1:1 peg against United States dollars at the same time. These are the key unique features of HYDT protocol: 1. Fully decentralized and automated mint/redeem process in case of a depegging event 2. Fully transparent reserve held in BNB 3. Flexible and durable soft peg mechanism 4. Up to 30% APY fixed return on stablecoin deposit + additional governance token farming reward 5. Resistance to bank run events
This overview is imported from market-data provider metadata. Project claims should be checked against the linked documentation and on-chain evidence.
Identity
- Name: HYDT
- Symbol: HYDT
- Provider-listed chain: binance-smart-chain
Names and ticker symbols are not unique. Match the network and contract address against the project's documentation and a block explorer before identifying a token.
Sources and further reading
A provider listing establishes how the asset is catalogued; it does not independently verify project claims or endorse the asset.