What is the mint and burn window in the US?
What is the mint and burn window in the US?
The window for USD rails is Monday to Friday, 9:00 PM ET (previous day) to 5:00 PM ET. The Monday window opens at 9:00 PM ET on Sunday. Requests received after 5:00 PM ET are queued for the next window. USDC and USDT mint and redeem are not subject to this window.
What assets back the stablecoin?
What assets back the stablecoin?
Reserves are held exclusively in GENIUS-compliant assets: demand deposit accounts, US Treasuries (90 days or less to maturity), Treasury-collateralized reverse repos, and US Government Money Market Funds.
How are reserves custodied?
How are reserves custodied?
Reserves are held in segregated accounts, designed to protect holders in line with GENIUS regulations.
How are rewards calculated and distributed?
How are rewards calculated and distributed?
Rewards are set on-chain using M0 technology, applied per block to outstanding supply, and compounded continuously. They are distributed as newly minted tokens to a partner-designated address, on a configurable cadence.
Are there minimum mint or redeem volumes or transaction limits?
Are there minimum mint or redeem volumes or transaction limits?
No. There are no minimum mint or redeem volumes and no issuing or transaction volume caps.
Which entity performs fiat and stablecoin conversions?
Which entity performs fiat and stablecoin conversions?
MoonPay USA LLC, through the Iron interface, converts between the issued stablecoin and USD, USDC, and USDT. Permissionless conversion to USDC and USDT is also available on-chain.
Can we support B2B2B2C rebranding?
Can we support B2B2B2C rebranding?
Requests for a partner to rebrand the issued stablecoin for specific B2B2B2C initiatives require a discussion with MoonPay’s compliance team before being structured.