Basis Cash (BAC) is a stablecoin, which the protocol aims to keep value-pegged to 1 US Dollar.

Basis is an algorithmic stablecoin protocol where the money supply is dynamically adjusted to meet changes in money demand.

• When demand is rising, the blockchain will create more Basis Cash. The expanded supply is designed to bring the Basis price back down.
• When demand is falling, the blockchain will buy back Basis Cash. The contracted supply is designed to restore Basis price.
• The Basis protocol is designed to expand and contract supply similarly to the way central banks buy and sell fiscal debt to stabilize purchasing power.