what is bitusd?
<answer> BitUSD is a market pegged asset issued on the Bitshares platform, these assets are known as bitassets or smartcoins. <context> What is bitUSD? bitUSD is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 1 00% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time.