# Cross-chain stablecoin ($CAT)

**$CAT (Credit Application Token) token: is a stablecoin pegged to the US dollar that is interoperable, transferable across multiple blockchain networks via Metachain.**

Generally, 1 $CAT = 1 $USD

$CAT stablecoin is backed by the global supply chain assets, being tokenized through ShuttleOne’s Multichain DeFi infrastructure.

Businesses can access crypto liquidity by tokenizing their real-world, trade cargo assets to the blockchain, mint $CAT and cash out to receivable bank accounts.

$CAT token is the cross-chain stablecoins powering the Metachain ecosystem.

_$CAT is an enterprise tokens with future roadmap for public trade._&#x20;

Read more $RAT $CAT usecases on how we [tokenize assets to finance cross-border trade](https://medium.com/shuttleone/shuttleone-x-gets-enable-cross-border-trade-with-the-power-of-defi-8db1bdccdea1)
