USDB is the proprietary stablecoin from Balance Capital and combines the benefits of algorithmic, crypto & fiat-backed stablecoins. To maintain its peg, USDB employs robust strategies making it dependable for business solutions and stable for investors' confidence.
To learn more about how USDB stablecoin stands apart from the rest, check out our blog post Balance Capital | USDB Value PropositionsIn this article, we want to show how one can mint USDB stablecoin from either FHM tokens or DAI.Before we start, ensure that your MetaMask wallet is appropriately set up. You can also follow our step-by-step guide How To Set Up MetaMask Wallet to get started.
Go to the USDB Mint page on our website: USDB Minter
Click Connect Wallet button on the top navigation to connect your MetaMask wallet.Ensure that you are on the Fantom Opera network.
Actual minting can now begin.USDB can be minted with either stablecoin DAI or with FHM tokens.
In the following steps, we will show you how you can mint USDB with FHM tokens. The same steps will apply for minting with DAI.Click on the Mint with FHM tab and provide the number of FHM tokens you want to use to mint amounts of USDB stablecoins. The screenshot below is for reference.
After adding the number of tokens you want to use to mint USDB, click Approve button. You will get a MetaMask notification. Click Confirm to give permission to access the FHM tokens.
After confirmations and approvals, simply click on the Mint USDB button. You will receive another MetaMask notification. Click Confirm.
Finally, receive USDB on your wallet by clicking on the Redeem button and confirming the transaction on your MetaMask wallet.That’s it!
The Balance Organization is formed to administrate business development in service to the greater vision of the interplay between FHM and USDB. As such, profits from all ventures engaging USDB as a commercial exchange of value will be used to buy back and burn FHM to increase our deflationary velocity at a rate tied to our business success in product developments.