Description
USDtez is a Tezos-exclusive USD stablecoin fully backed by a FIAT collateral reserve, designed to provide scalable, solvent, on-chain liquidity for XTZ and Tezos-token trading. Built on the FA (FA 1.2, with future FA 2.0) token standard, USDtz allows authorized minters to deposit collateral (e.g., USDC, GUSD) in exchange for newly minted USDtz, and redeemers to burn USDtz for underlying collateral. The reserve is audited monthly by Armanino LLP and can be independently verified on-chain in real time. Users can obtain USDtz through exchanges (AMMs like Quipuswap, bridges like TezEx), Minteries, self-minting, or credit/debit card purchase via Wert.io. The whitepaper also proposes future features including FA 2.0-based governance via a StableTez DAO and SABZ governance token, staking and rewards, over-collateralization, and multi-asset collateralization. USDtz primarily serves Tezos traders, developers building DeFi dApps, and commerce platforms seeking low-fee, programmable USD liquidity on Tezos.