USDtg – CDP Stablecoin

USDtg is the primary product of Upton Finance, offering a stablecoin that is pegged to 1 USD and backed by over-collateralized mainstream assets such as BTC, ETH, and TON. It enables users to unlock liquidity from their collateralized assets without having to sell them, thus maintaining their exposure to the underlying asset’s potential growth. USDtg functions similarly to MakerDAO’s DAI, providing a flexible and reliable stablecoin for a wide range of financial applications within the Telegram ecosystem.

Key Features:

• Over-collateralized by top-tier assets on the TON blockchain.

• Provides liquidity while maintaining asset exposure.

• A stable value pegged to 1 USD with no interest attached.

Minting USDtg – Unlocking Collateral Liquidity

The minting of USDtg involves the following steps:

• Collateralization: Users begin by depositing mainstream assets such as BTC, ETH, or TON as collateral on the Upton protocol. This over-collateralization ensures the stability and security of the minted stablecoins.

• Minting USDtg: Based on the value of the collateral, users can mint USDtg, a stablecoin pegged to 1 USD. This process unlocks the liquidity of their collateralized assets while maintaining exposure to their price movements.

• Collateral Management: Users can adjust their collateral positions at any time, adding more assets to avoid liquidation during market downturns or withdrawing excess collateral if the value of the assets increases.

Flow

User deposits BTC/ETH/TON → Upton protocol collateralizes assets → User mints USDtg stablecoins.