Explainers & Analysis: Redemption

Monochrome PYUSD and USDG comparison showing separate issuers, product routes and network checks

PYUSD · Oct 23

PYUSD vs USDG: Issuers, Networks and Redemption

PYUSD and USDG share a dollar target but differ in issuer, networks, product access and direct redemption routes.

A price line holding at $1, dipping in a depeg and recovering, beside reserves and redemption boxes.

Markets · Oct 12

Can Stablecoins Lose Value? How a Peg Holds and Breaks

The $1 is a redemption promise, not a set price. USDC in 2023 and UST in 2022 show how it bends and breaks.

A stablecoin token exchanged for a dollar bank balance

Stablecoins · Jul 27

What Happens When You Redeem a Stablecoin?

Selling a token and redeeming it with its issuer are different transactions. Here is where the dollars come from.