What is Redeemable (RUSD)
Cardano needed a fiat backed stablecoin. Redeemable is a USD backed stablecoin in a 1:1 basis.
We were the first, released in September 2022, and we are commited to be the #1 fiat-backed stablecoin of Cardano.
Redeemable can be minted by adding 1 USD to a reserve, and each USD can be redeemed by cancelling one Redeemable through the Shareslake Dashboard.
Redeemable exists in both, Cardano and Shareslake networks. Through the Dashboard, you can mint and redeem to/from both networks.
The RUSD in both networks is equivalent. You can move it between the networks anytime using the Shareslake Bridge.
Trade Redeemable in Cardano DEXes
The Shareslake Dashboard allows people to interact with the Redeemable USD reserves.
The dashboard adds/gets funds to/from the USD reserve and issues/cancel Redeemable to/from the connected wallet.
If you need help setting up your wallet or passing through the registration process check the
guide in the docs.
Support / Suggestions?
We encourage our users to join the Discord
#dashboard channel for contacts, doubts, and suggestions.