SoulPeg USD
SPUSD Rank #1520Price chart
What is SoulPeg USD?
Overview
SPUSD is a BEP-20 stablecoin designed to unlock liquidity for holders of sUSDC, a non-transferable deposit token. Users mint SPUSD by depositing sUSDC and can redeem it to recover their sUSDC at any time. The token serves traders and liquidity providers who need transferable access to their locked positions.
How it works
SPUSD operates on BNB Chain as a wrapped representation of sUSDC. Minting occurs when users deposit sUSDC, and burning happens automatically upon redemption. The token can be traded freely on decentralized exchanges, providing liquidity while the underlying sUSDC remains locked.
Peg and backing
The $1 peg is maintained through a combination of market-making and reserves. An automated bot trades the SPUSD/USDC pool on PancakeSwap to stabilize the price, while reserves deployed in lending strategies, currently on Venus, provide additional backing. Each SPUSD is redeemable for one sUSDC, ensuring the token remains fully collateralized.
Supply
Total supply stands at approximately 38.1 million SPUSD. No maximum supply cap has been specified. New tokens are issued when users mint SPUSD by wrapping sUSDC, and tokens are burned upon redemption.
Where to trade SPUSD
2 exchanges · top 10
Live spot quotes from connected exchanges
SPUSD funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.