Mint & Redeem

Mint

Anyone who holds TBYs or USDC can mint stUSDC at a ratio of 1:1 of the value of the deposit token.

USDC lending deposits will automatically be lent in the underlying Bloom-v2 system

TBY receipts will be held within the stUSDC contract and automatically re-lent into following loans.

Redeem

Redemptions allow users to redeem their stUSDC for USDC 1:1. If there is not enough USDC liquidity within the contract the user must wait for the next batch of TBYs to mature and convert into available USDC.

If your redemption cannot be processed and you want to access USDC Immediately you can visit a supported DEX or CEX.