What are digital dollars?

Digital dollars, also known as stablecoins, are on-chain tokens backed by dollars or treasuries. They offer rails to move dollars that are global, fast, secure, and accessible 24/7. They can also be used in cryptographic applications like the Lava Loans protocol, enabling financial contracts that are more trustless and easier to use.

Lava uses digital dollars to deliver loan capital trustlessly to borrowers via atomic swaps, but users can easily off-board to dollars in their bank account directly within the app.