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Renec crypto launches stablecoin reUSD




Renec launched a stablecoin to be used on its exchange Renec Dollar (reUSD) a cross-chain solution designed to promote users- friendly decentralized economic development, with its value fully backed by a reserve of popular stablecoins, including USDT in the initial stage and may expand to include other types of stablecoins in the future.

reUSD is created on the RENEC blockchain platform using RPL token technology to ensure stability and safety for its value, reUSD is fully backed by assets held in a Reserve, where the collateral requirement is $1 of stablecoin assets of each reUSD minted.  The conversion rate to mint reUSD will be set at $1 USDT, a stablecoin guaranteed by fiat currency on the Ethereum network.

How to mint reUSD? 

Users can convert from a popular coin like USDT to reUSD at a 1:1 ratio through the following steps: 

• Visit reusd.renec.foundation on desktop or Metamask Dapp browser

• Connect to your Metamask wallet a wallet from which you withdraw USDT. 

• Enter a wallet address to receive reUSD, the address must be compatible with RPL like Demo wallet.

• Enter the amount of USDT you want to swap and agree to the Terms of Service, then click the process button.

• After clicking on continue, your transaction will be processed, then wait for about 5 minutes for reUSD to appear in your wallet.

With the launch of reUSD, Renec claims to strive to advance the development of the decentralized economy further and foster the adoption of blockchain and cryptocurrencies. 


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