PHT Stablecoin
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FAQs

PreviousTransparencyNextWhy Choose PHT

Last updated 2 months ago

Question
Answer

Why use custodial collateral and not just accept USDC or USDT as collateral from users right away?

Initial beta testing rollout implements custodial collateral types based on MakerDAO's RWA vaults. This ensures that collateral is 100% safe from on chain security incidents, while the PHT system is in its' early stages. Even if the PHT system is a fork of MakerDAO's battle tested Multi Collateral DAI system, operational security is still a major concern when building on-chain collateral systems. The PHT team intends to rollout the forked system in stages and have auditors double check every stage before launching.

How can I mint PHT using apcxUSDC or apcxUSDT if I have USDC or USDT?

During rollout stage, please contact the team to acquire apcxUSDC or apcxUSDT. During this stage, the team may also automate the conversion of USDC -> apcxUSDC and USDT -> apcxUSDT through the web app.

Q1-Q2 2025: Beta Testing