USDtez (Symbol: USDtz / USDTZ) is a USD-pegged stablecoin based on a fungible Tezos community standard — the FA token standard. USDtez is pegged to a formally-verifiable measure of (1:1 parity) value between itself and the United States Dollar (USD) providing a solvent, and scalable source of liquidity that is the ideal solution for low-fee Tezos-based asset trading.
In most cases (for 'small amounts') you'll get your USDtz from an exchange. Quipuswap is the main Tezos DeFi exchange, but more are coming.
TezEx Bridge is a cross-chain bridge enabling swaps where you can buy USDtz for USDC, USDT. or other tokens.
If you want to buy USDtz for USDC 1-1 without the slippage or liquidity limitations of Quipuswap or even TezEx (which has no price slippage, rather it uses a price oracle) seeking a trusted mintery would be a better path.
If you don't want to go through a Mintery, and would rather mint on your own, then you may qualify to enroll as an individual minter as a Mintery. (You may also qualify to be a Mintery yourself. This is a particularly good complement choice if you have a Tezos baking service in good standing.)
The USDtz model is designed to be the most scalable model for liquidity. Tezos (XTZ) trading volume has grown by a factor of over 100x since early-2019, outpacing its similarly valued network peers. and XTZ trading seems to be in a continuing upward trajectory even still. More exchanges are adding XTZ and more traders and investors are adopting it in their respective portfolios.
With great demand and growing volume, comes a need for great supply. Supply in this instance is a form of on-chain liquidity.
The process of minting USDtz begins with a collateral deposit of FIAT by an enrolled USDtz minter. FIAT collateral deposits may include certain other stablecoins (those which themselves can be confidently redeemed for FIAT cash).
The USDtz reserve is audited monthly by Armanino LLP. Also, anyone in the world can audit USDtz's reserves in real-time, by comparing the minted supply with the collateral wallet. Check the reserve page for more.
Formally-verified true price calculations demonstrated on-chain, protecting USDtz from manipulations and 'oracle attacks' that users of other stablecoins ultimately must endure.
The balance between shifts in supply and demand of USDtz, including the size, and determination for minting and scaling of new USDtz is based on autonomously executed algorithmic response to formally-verified measures of real-world market data.
USDtz's on-chain nature allows it to serve as programmable money — to support a wide-array of ecosystem applications in which remittance is executed through smart-contract-driven conditionals. These features are critical for financial instruments that depend on conditionals, such as bonds and derivatives.