# BitU Liquidity

$BITU is an overcollateralized USD-pegged stablecoin backed by BTC and other permitted assets. BitU Protocol maintains the stability of the $BITU peg by ensuring that the value of collateral assets consistently surpasses the circulating supply of $BITU in the market, thereby stabilizing the price of $BITU at the peg price.

Currently, the BitU ecosystem implements a whitelist system in order to mint the $BITU stablecoin. Users who wish to mint $BITU must [apply](https://form.typeform.com/to/K9xCqi1s) to the BitU team and undergo whitelist verification. However, holding and staking $BITU is always permissionless and accessible to everyone.

$BITU holders can stake to receive $sBITU and earn real yield, provide liquidity on decentralized exchanges, or deposit into the omni-trading hub to access diverse assets across numerous markets from a single unified experience. 

<figure><img src="https://216194945-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fj4FiwL05RDG9vbiK6wKb%2Fuploads%2FXr6TSEEo1GFiRialDaaL%2Fliquidity.png?alt=media&#x26;token=5cc5ceaa-7f96-4c29-8217-4e4d1f038272" alt=""><figcaption><p>$BITU Liquidity Process</p></figcaption></figure>