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Sovryn Dollar (DLLR) changes everything

DLLR is a decentralized bitcoin backed stablecoin that acts as a completely transparent and reliable dollar.

what is dllr
Sovryn Dollar, Backed by Bitcoin

Welcome to the first fully transparent and secure digital dollar. The new decentralized stablecoin backed 100% by bitcoin.

Reliable and Secure

An ultra-stable, decentralized stablecoin—aggregated from other bitcoin-backed stablecoins and pegged to USD. The Sovryn Dollar cannot be censored, since there is no middleman.

Liquid and Practical

A highly-liquid stablecoin that you can easily convert to bitcoin, dollars, or other stablecoins. DLLR is a great form of payment, and diversified capital, that will always remain liquid.

Low Cost Transactions

Low gas fees, alongside stability and reliability, make DLLR the perfect form of BTC-backed digital currency.

censorship resistant stablecoins, for a borderless future

The Sovryn Dollar is for everyone everywhere. Always and everywhere available with no gatekeepers or central banks.

“Stablecoins solve real problems”

Sovryn individual from Argentina about inflation and how crypto helps to save your income

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STABLECOINS THAT ARE ACTUALLY STABLE

The market is flooded with unstable and risky stablecoins. The Sovryn Dollar changes this. A fully transparent, censorship resistant, and truly stable currency built on Bitcoin.

SAFE AND SECURE MONEY

DLLR is a safe and secure form of money, offering the stable value of traditional fiat currencies with the transparency and security of bitcoin.

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Truly stable digital currency, backed by BTC.

Censorship resistant.

Free from third-party corruption.

Safe store of highly-liquid capital.

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DLLR is a reliable store of value.

Safe from government control.

Funds will always be under your control.

Diversified form or capital.

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SAFELY HODL YOUR CAPITAL

The Sovryn Dollar allows you to hold and protect your wealth, free from government censorship. You hold the keys to your wealth, knowing that your funds are safe and accessible at all times.

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REAL WORLD BTC CURRENCY

A secure way to use the value of bitcoin in the real world, that provides the stability you require for everyday transactions and saving.

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Low transaction fees.

Growing payments ecosystem.

Earn yield on your DLLR savings.

Stable and secure money for the real world.

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faqs

frequently
asked questions

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What is the sovryn dollar (dllr)?
The Sovryn Dollar is a truly transparent digital dollar. It’s the new decentralized, censorship-resistant stablecoin backed exclusively by bitcoin. The Sovryn Dollar is an aggregated stablecoin. It has a 1:1 peg with the value of USD and is composed of a diversified basket of other exclusively bitcoin-backed stablecoins. It’s a stablecoin that is actually stable.
How does dllr work?
DLLR is issued by the Mynt protocol. The Mynt protocol aggregates multiple bitcoin-backed stablecoins to issue an ultra-bitcoin-backed stablecoin. DLLR is more resilient and scalable than any one of the individual stablecoins held by the aggregator. It is a combination of the stability and liquidity of each individual stablecoin in the aggregator in a single, stronger asset. You can exchange DLLR for the equivalent USD market value of bitcoin at any time.
what are the use cases of dllr?
DLLR will become the default stablecoin of the Sovryn ecosystem due to its resilience and censorship resistance. It will be used anywhere in the Sovryn ecosystem where a stablecoin is needed and will be bridgeable to a choice of stablecoins on other networks. You will also be able to take out a 0% loan in DLLR or put your DLLR in various liquidity pools as a means of saving and earning a yield on your DLLR holdings.
What is dllr backed by?
The Sovryn Dollar will initially be backed by: 

1) ZUSD: Learn more about ZUSD.
2) DOC: Learn more about Money On Chain DOC.

The Sovryn Dollar may be backed by other stablecoins in the future to further aggregate bitcoin-backed stablecoin liquidity and as a way to grow DLLR to become the bitcoin stablecoin standard.
How does dllr maintain its peg?
The Sovryn Dollar can always be swapped (burned or minted) for a specific stablecoin in the aggregator, which maintains its equivalence to them.

Each individual stablecoin has its own peg mechanism. ZUSD can be redeemed by any holder for the equivalent USD value in BTC. Borrowers can obtain ZUSD for as little as 110% of USD value in BTC. DOC is overcollateralized by BTC, and the system maintains a balance of supply to keep the value at 100% of USD.

1) ZUSD: Learn more about ZUSD.
2) DOC: Learn more about Money On Chain DOC.
What is the future vision of dllr?
To aggregate bitcoin-backed stablecoins from various sources, such as DeFi protocols on Rootstock and Liquid, Taro on the Lightning Network, as well as going multichain to other networks. The goal is for the Sovryn Dollar to become the standard stablecoin of the bitcoin economy.
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