# $PUSd

![](https://2737724165-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4q1VmrV9tKrttNrIIhP1%2Fuploads%2FKQYWDj6LmRcCnoLHH5we%2Fimage.png?alt=media\&token=51103714-a2ac-4145-9d39-8e433add8229)

#### 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](https://docs.jpegd.io/jpegd-dao/cdp-lending-guides/borrowing) guide.