Liquidity

Mint Users are generally able to mint USDtb on-demand, 24/7. Subject to the USDtb Terms and USDtb Mint User Agreement, Mint Users are also able to redeem USDtb with Pallas upon little to no delays or interruptions for weekends, public holidays, or fiat wire transfers given only digital assets are utilized. In certain cases where Pallas has insufficient stablecoins on hand to satisfy immediate redemptions during weekends or bank holidays, there may be delays pending redemptions of BUIDL by Pallas Fund, which would be processed on the next business day. In certain circumstances, in the case the Mint User is able to receive BUIDL to their whitelisted address, redemptions of USDtb for BUIDL may be enabled.

Users may also use secondary markets, such as centralized exchanges, decentralized exchanges, peer-to-peer networks, and other providers of liquidity to convert USDtb to other digital assets and currencies, as available.