Our website is your portal for purchasing and redeeming AnchorUSD. First, you create an account and fill out identity verification (Know Your Customer) information. Then, we provide you with instructions on where to transmit funds. Once we're able to confirm receipt of funds, we'll issue AnchorUSD directly to your Stellar wallet address.
To redeem funds, you request a redemption on our website and we will provide you with a Stellar address and memo to send AnchorUSD to. Once we confirm the receipt of AnchorUSD, we'll send you a bank transfer with your US dollars.
|Transaction Type||Minimum Amount||Fee|
|Fiat Deposit (Purchase USDx)||$15||1% of transaction size, with a $5 minimum fee|
|Fiat Withdrawal (Redeem USDx)||$15||2% of transaction size, with a $5 minimum fee|
AnchorUSD is fully collateralized by US dollar deposits. This means that for every 1 token of AnchorUSD issued, there is $1 US Dollar on deposit in our escrow account.
Our escrow structure is deliberately designed so that only AnchorUSD token holders can access the funds. Funds cannot be used for any reason other than supporting redemptions.