# 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. *** #### **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 *** #### **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 *** #### **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!* --- # 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.doubleup.io/upusd.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.