FAQ

What is tgUSD?

tgUSD is a stablecoin backed 1:1 by USDT. Its value always equals 1 USDT and is built for easy use on TON and Telegram.

With tgUSD, you can:

• Stake to earn competitive yield

• Use in DeFi to earn more

• Pay with Torch Pay (coming soon)

Is tgUSD safe?

We are committed to protecting your assets with the highest security standards:

• 1:1 USDT backed

• Audited by Quantstamp, a leading blockchain security firm

• Backed by TON Foundation, invested by Curve Finance and TVM Ventures

• Rated and tracked by RootData, a reliable crypto asset data platform

What are the risks of using tgUSD?

• Stablecoin Depeg Risk: The value of tgUSD could potentially deviate from its 1:1 peg with USD due to market conditions. Mitigation: We only select highly liquid stablecoins and assets with stable mechanisms as collateral, such as USDT and USDC.-

• DeFi Protocol Security Risk: The protocols where your assets are deployed could potentially be vulnerable to security breaches or exploits. Mitigation: We partner with protocols that have high liquidity and have undergone multiple audits, and are highly rated by DeFi Safety and Skynet.-

• Cross-chain Bridge Risk: When transferring assets between blockchains, there could be potential risks associated with the bridge protocols. Mitigation: We use trusted cross-chain bridges like LayerZero, Stargate, USDT0, and Symbiosis to transfer assets between blockchains.-

• Smart Contract Risk: The smart contracts managing or deploying tgUSD collateral may contain vulnerabilities that could render tgUSD insolvent. Mitigation:

  • All smart contracts are audited by reputable auditing firms

  • At least one other engineer internally peer reviews all smart contract code

  • tgUSD may host competitions or establish bug bounty programs in the future to gather community feedback

For more information about risks, please refer to the Risks section.

Why is there an unstaking period?

When you stake tgUSD, your assets are deployed to DeFi protocols to earn yield. The unstaking period ensures sufficient liquidity for redemptions.

During the unstaking period, we need time to withdraw your assets from DeFi protocols and prepare them for redemption. This helps maintain the stability and efficiency of the protocol.

If you initiate another unstaking during the unstaking period, it will reset your unstaking timer.

How can I convert tgUSD to USDT

You can easily convert your tgUSD to USDT through our Stable Swap feature. The conversion is instant and maintains an almost 1:1 ratio with USDT.

Our Stable Swap provides a seamless way to convert between tgUSD and USDT with minimal slippage and competitive rates.