SigmaUSD protocol is a hybrid stablecoin that is algorithmically stabilized and collateralized on-chain (i.e. crypto-backed). It takes a hybrid approach in a design model that focuses on key concepts from traditional finance and legal compliance.
SigmaUSD is the first algorithmic stablecoin to run on the EUTxO model. This new innovative design marries core concepts of decentralization, while creating true stable value. Sigma protects users from liquidations, and is backed by reserves held on chain.