# What is vUSD?

VUSD is a **decentralized, collateral backed, USD-pegged stablecoin on Ethereum and EVM-compatible sidechains/L2s.**

VUSD is open source, designed for simplicity and security, peg stability, self-sustaining, backed by over-collateralized, yield-generating cryptocurrencies. VUSD is fully auditable on-chain, with real-time proof of reserves available at all times.

VUSD's treasury and yield resides on Ethereum (L1), with bridges and extensions available on Layer 2 (L2) blockchains such as Hemi and Base.

VUSD may be accessed directly via smart contract, or via dapps such as: <https://app.vdollar.finance/>


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