# $PUSd

![](/files/jo5LoldPPFBK6wP0NW5S)

#### Overview

PUSd is the stablecoin synthetic of JPEG'd. It is minted when a user borrows against their NFT and burned when they decide to repay their loan. The base borrow rate for PUSd borrows on JPEG'd is **2%**.

Like pETH, PUSd is overcollateralized by the value of the NFTs in JPEG'd vaults.

#### Utility

* PUSd can be swapped to USDC / USDT / DAI using the [JPEG'd Swap](https://jpegd.io/swap), or by directly accessing the [Curve](https://curve.fi/#/ethereum/pools/factory-v2-281/swap) factory pool.

**A user cannot borrow both pETH and PUSd from the same vault.**

Learn how to borrow PUSd in our [borrowing](/jpegd-dao/cdp-lending-guides/borrowing.md) guide.


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