We are building a next-generation USD-pegged stablecoin platform backed by both fiat reserves and crypto assets. Designed for scalability, transparency, and interoperability, this stablecoin will operate seamlessly across multiple blockchain networks, serving as a reliable digital dollar alternative for individuals, developers, and enterprises.
- Multi-Backend Architecture: Designed with both fiat-backed and crypto-backed stablecoin variants, each operating seamlessly across multiple blockchain networks for maximum availability, redundancy, and market reach.
- Seamless Swap System: Users can instantly swap between fiat-backed and crypto-backed stablecoin variants to optimize liquidity, yield, and compliance.
- Backed by a combination of regulated fiat reserves and on-chain crypto assets.
- Ensures both regulatory compliance and decentralization.
- Deployed across major blockchain networks.
- Powered by a custom cross-chain communication protocol (inspired by Chainlink CCIP) to enable seamless movement of the stablecoin across chains.
- Enables users to switch between fiat-backed and crypto-backed stablecoin variants depending on liquidity, availability, and use case.
There will be people called liquidity providers who hold both types of tokens:
- Fiat-backed stablecoins (backed by real money in banks)
- Crypto-backed stablecoins (backed by crypto like Ethereum)
When someone wants to change their crypto-backed stablecoins into fiat-backed stablecoins, the liquidity provider helps them.
- The liquidity provider takes the user’s crypto-backed tokens.
- In return, they give the user fiat-backed tokens of equal value based on the market price of the crypto collateral.
- Because the system always keeps extra crypto as backup (overcollateralized), users may receive more fiat-backed tokens than the number of crypto-backed tokens they gave.
- Alice has 100 NexUSD (crypto-backed), backed by $140 worth of Ethereum.
- Bob (liquidity provider) takes Alice’s 100 NexUSD (crypto-backed).
- Bob gives Alice 140 NexUSD (fiat-backed) in return.
- The swap can also work in reverse (fiat to crypto) when needed.
- A decentralized network of auditor oracles providing real-time on-chain proof of reserves and risk exposure metrics.
- Increases transparency and user trust.
- Smart contract-level compliance engine supporting KYC/AML enforcement, blacklisting, jurisdictional controls, and programmable policies.
- Supports permissioned and permissionless modes depending on network requirements.
- Users can opt into a yield-generating version of the stablecoin, backed by short-term T-bills or on-chain DeFi strategies.
- Offers additional utility for investors and institutions.
- Seamless conversion between USD bank deposits and the stablecoin via banking APIs or licensed payment providers.
- Reduces onboarding friction for retail and institutional users.
- A non-custodial wallet allowing users to:
- Mint/redeem stablecoins
- Swap between fiat- and crypto-backed versions
- Transfer across chains
- Manage compliance/KYC
- Access yield options and transaction history
- Meta-transaction support allows users to interact with the platform without holding native gas tokens, enhancing UX especially for new users.
- Developer-focused SDK and APIs for integrating stablecoin functionality into DeFi protocols, wallets, dApps, and payment platforms.
- Includes support for minting, transfers, compliance checks, and cross-chain operations.
- Merchant-facing tools and APIs enabling settlement, invoicing, and payments in stablecoins.
- Support for plugins (e.g., Shopify, WooCommerce) and direct API integration for larger platforms.
This project aims to bridge the gap between traditional finance and decentralized ecosystems, offering a stable, transparent, and interoperable digital currency infrastructure that empowers users globally.
We welcome contributions from developers, blockchain enthusiasts, financial experts, and anyone passionate about building the future of stablecoins! Here's how you can get involved:
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Fork the Repository
git clone https://github.com/ruhulamin1398/Next-generation-USD__NexUSD__Hybrid-USD-Pegged-Stablecoin-Ecosystem.git cd Next-generation-USD__NexUSD__Hybrid-USD-Pegged-Stablecoin-Ecosystem -
Install Dependencies
cd app npm install -
Run Development Server
npm run dev
- Frontend Development: Improve UI/UX, add new features, enhance mobile responsiveness
- Smart Contract Development: Build and optimize smart contracts for the stablecoin ecosystem
- Backend Development: Develop APIs, oracles, and cross-chain infrastructure
- Testing: Write comprehensive tests, identify and fix bugs
- Performance Optimization: Improve application performance and user experience
- Technical Documentation: API docs, smart contract documentation, integration guides
- User Guides: Help documentation, tutorials, best practices
- Code Comments: Improve code readability and maintainability
- Translation: Translate documentation to different languages
- UI/UX Design: Create mockups, improve user flows, design new components
- Brand Identity: Logo design, marketing materials, visual consistency
- Accessibility: Ensure the platform is accessible to all users
- Financial Modeling: Research stablecoin mechanisms, stability algorithms
- Regulatory Compliance: Research compliance requirements across jurisdictions
- Security Audits: Identify potential security vulnerabilities
- Market Analysis: Research competitor analysis and market trends
- Check existing Issues to see what needs to be done
- Create a new issue if you want to work on something not listed
- Comment on the issue to let others know you're working on it
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Create a Branch
git checkout -b feature/your-feature-name
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Make Your Changes
- Follow the existing code style and conventions
- Write clear, descriptive commit messages
- Test your changes thoroughly
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Commit Your Changes
git add . git commit -m "feat: add your descriptive commit message"
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Push to Your Fork
git push origin feature/your-feature-name
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Create a Pull Request
- Provide a clear description of your changes
- Reference any related issues
- Add screenshots for UI changes
- TypeScript: Use TypeScript for type safety
- ESLint: Follow the existing linting rules
- Prettier: Use consistent code formatting
- Comments: Write clear comments for complex logic
- Testing: Write tests for new features and bug fixes
We're currently focusing on these areas and would love your help:
- Smart Contract Development - Core stablecoin contracts, oracle integration
- Cross-Chain Infrastructure - Bridge contracts and cross-chain communication
- Mobile Optimization - Improve mobile user experience
- Security Auditing - Smart contract and application security
- Documentation - Developer docs, user guides, API documentation
- Testing - Unit tests, integration tests, end-to-end testing
- GitHub Issues: Report bugs, request features, ask questions
- Documentation: Check our Documentation for technical details
- Discussions: Join GitHub Discussions for general conversations
- Code Review: All contributions are reviewed by maintainers
- LinkedIn: For collaboration opportunities and project discussions, feel free to DM Ruhul Amin on LinkedIn
Contributors will be:
- Listed in our contributors section
- Recognized in release notes for significant contributions
- Invited to join our core contributor team for outstanding contributions
- Featured on our website and social media
By contributing to NexUSD, you agree that your contributions will be licensed under the MIT License.
- Check our FAQ for common questions
- Open an issue for technical questions
- Read our Documentation for detailed technical information
- Direct Contact: For collaboration opportunities, partnership discussions, or questions about contributing, DM Ruhul Amin on LinkedIn
Ready to contribute? Check out our Good First Issues to get started!