To all our Members
What is collateralization in UGLYCASH?
At UGLYCASH, our collateralization system is a security measure that backs all user liabilities within the app. This means your funds are protected in the event of any unforeseen circumstances.
Why is it important?
At UGLYCASH, your peace of mind is our priority. With our collateralization system, we ensure the safety of your funds and the stability you deserve. This means you can trust that your funds are protected and available at all times.
What happens if there's a change in collateralization?
If there is any change in collateralization, we will notify you immediately and provide all the necessary information so you can take appropriate action. Our goal is to maintain stable and secure collateralization at all times.
Your Money in El Salvador
Your Money in El Salvador
What is USDC?
USDC is a tokenized version of the U.S. dollar that reflects its value, and in UGLYCASH, you’ll see it represented with the symbol $. In simple terms, tokenization is 1:1 in UGLYCASH — meaning 1 USDC equals 1 USD.
How does it work?
USDC is a digital stablecoin of the dollar that allows anyone in the world to store, send, and receive digital dollars over the internet. USDC is redeemable 1:1 for U.S. dollars and is backed by fully reserved assets held at regulated financial institutions.
Your Money in Other Countries
Your Money in Other Countries
What is eUSD?
eUSD is a virtual asset that reflects the value of the collateralized U.S. dollar, and in UGLYCASH, you’ll see it represented with the symbol $. In simple terms, the collateralization is 1:1 — meaning 1 eUSD equals 1 USD.
How does it work?
With a variety of assets represented — most in on-chain eUSD — our collateralization system ensures that there are always sufficient funds available to cover any potential liabilities. These assets can be publicly verified in the wallets of BFF United/Classic/Prime.