# About Bound bUSD is a dollar-backed stablecoin issued natively by Bound on Bitcoin mainnet and adjacent protocols. Bound supports instant onchain minting and redemption using other established stablecoins, as well as fiat-USD minting and redemption. The majority of Bound reserves are held in other reputable stablecoins that are stored in secure, offline multi-signature vaults. There are two components to Bound: 1\) bUSD token 2\) Minting/redemption platform ## **bUSD token** bUSD is a stablecoin fully backed by other reputable stablecoins (USDC and USDT). It is issued natively on Bitcoin and Bitcoin-adjacent networks (see which networks we support [here](https://docs.bound.money/protocol/supported-networks)) and is always redeemable 1:1 for it's diverse basket of dollar-backed stablecoin reserves. These reserves are held transparently onchain, and smart contract vaults on non-Bitcoin networks are used for instant onchain liquidity 24/7. ## **Minting/redemption platform** Bound provides a minting/redemption platform for users who want to easily access bUSD. Holders of supported stablecoins (USDC, USDT) on supported networks (Ethereum, Base) will be able to deposit their stablecoins on these source networks to receive bUSD on the selected destination Bitcoin network. Inversely, bUSD holders are able to deposit their bUSD on the source Bitcoin network and receive stablecoins on a supported destination network. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bound.money/about-bound.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.