On December 26, Alchemint (ONT) announced that Alchemint Stablecoin Issuance Platform is launched on NEO mainnet. NEO holders can use the platform to issue stablecoin SDUSD.
SDUSD offers stability relative to the U.S. dollar (1 SDUSD = $1 USD) through collateralization of NEO via a NEO smart contract. NEO is collaterized at a 150% rate for each SDUSD issued.
Today, December 27, a decentralized exchange Switcheo has listed SDUSD as a counter currency on its platform. The available trading pair is NEO/SDUSD. Deposits and trading are live.