Pando USD(pUSD) is launched on Dec 25, 2020 by BigONE, Exin, FOX, Poolin and Team Mixin. Pando USD is considered a stablecoin pegged to the US Dollar. You can always consider 1 pUSD for US$1.00.
The total supply of pUSD is 1,000,000,000,000, of which 999,975,000,000 are locked in a 5/6 Mixin Trusted Group which are managed by BigONE, Exin, FOX, Poolin and Team Mixin. The remaining 25,000,000 is releasable to the public at Pando Leaf, which is a 4/6 Mixin Trusted Group.
The current collaterals are of about US$43M worth of crypto, which backs about 11M pUSD. Please check real-time market conditions here. the pUSD MTG mechanism makes sure that the backing ratio of pUSD is always way higher than 200%.