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What is ApeUSD (APEUSD)?

ApeUSD, operating on ApeChain, is a yield-generating token backed by stablecoins like DAI. It automatically earns interest from Ethereum vaults (like sDAI) without requiring user action. Deposits of assets like USDC or DAI are converted into yield-bearing tokens and transferred to ApeChain as apeUSD. This continuous yield generation improves asset utility, especially for collateralized tokens, and increases user balances via automatic rebasing.

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