# UPUSD

#### **What is UPUSD?**

UPUSD is the official protocol stablecoin of DoubleUp, designed to power the platform’s ecosystem with maximum efficiency and minimal volatility. Pegged 1:1 to the US dollar, UPUSD offers users a seamless way to bet, play, and stake without worrying about price fluctuations common in traditional cryptocurrencies.

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#### **Why Did DoubleUp Launch UPUSD?**

DoubleUp launched UPUSD to create **greater stability, scalability, and control** within its ecosystem. Previously, users relied on external stablecoins, which exposed them to higher transaction fees and potential liquidity bottlenecks. By introducing its own stablecoin, DoubleUp ensures:

* Lower transaction costs: Internal minting and burning mechanisms reduce external bridging or swap fees.
* Enhanced liquidity management: Funds remain within the DoubleUp ecosystem, improving capital efficiency.
* Seamless player experience: Users deposit, play, and withdraw with a stable token native to the platform

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#### **Use Cases for UPUSD**

UPUSD isn’t just a stablecoin – it’s a token integrated across the entire DoubleUp platform, enabling:

* Casino Games: Bet on games like Coinflip, Death, and Blackjack using UPUSD.
* Sports Betting: Seamless wagers on live sports markets.
* Unihouse Staking: Stake UPUSD to earn yield within DoubleUp’s DeFi protocol

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#### **Migrating to UPUSD**

As DoubleUp transitions from external stablecoins (USDC) to UPUSD, users will be able to:

* Swap their old stablecoins for UPUSD at a 1:1 rate directly on Double Up
* Enjoy the benefits of utilizing UPUSD like 2x multiplier on contests! (limited time)

*Please refer to the next page for how to steps on migrating your USDC to UPUSDC!*