How to issue stablecoins?

Stablecoin issuance is performed by a smart contract against the pledge of liquidity (pair USDBX - MLNK, pair RUBLES - MLNK, pair RMBC - MLNK) deposited by the user in a special issue pools.

USDCASH stablecoin issuance

1️⃣ To issue, the user needs to transfer USDBX tokens (in multiples of 100) and an equivalent amount of MLNK to the smart contract address;

2️⃣ The smart contract checks the USDBX/MLNK rate* and transfers USDCASH to the user in an amount equal to the deposited USDBX. The smart contract will return any excess amount of USDBX (in multiples of 100) and/or MLNK.

*If the rate of the USDBX-MLNK pool changes sharply at the time of USDCASH issuance, you may not have enough USDBX to deposit into the smart contract in multiples of 100, so both USDBX and MLNK (deposit refund) will be returned to your account. Just repeat the transaction.

🔏 The Smart Contract also records information about each issue lot in the issue register (Issue receipt).

The issuance process of RMBCASH and RUBCASH stablecoins is similar.

Minimum pledge for the issue

USDCASH = 100 USDBX + equivalent MLNK for the same amount at the current rate;

RUBCASH = 10 000 RUBLES + equivalent MLNK for the same amount at the current rate;

RMBCASH = 1 000 RMBC + equivalent MLNK for the same amount at the current rate.

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