xDollar Space (V2) provides an additional option to collateralize stablecoins like USDC for XIM. For a small, 1% fee, users are able to mint or sell XIM to other stablecoins.
When a user deposits USDC into the xDollar Space platform, they will essentially be opening a special trove that accepts only USDC as collateral at a minimum collateral ratio of 101%. The liquidation and redemption functions are disabled in these troves and as long as the troves are open they remain active until users claim their USDC by simply closing them. Please note that there is a minimum of $2000 minting floor as well as minting ceiling for USDC trove.