How to Create a Wrapped Stablecoin Using OpenZeppelin Contracts On Stellar

The tutorial walks through creating a custom stablecoin named JUSD on the Stellar using the OpenZeppelin contracts. The creation involves using a SEP-41 token that accepts USDC deposits to mint the new stablecoin at a one-to-one conversion rate. The video covers the process of setting up a permissionless contract and performing mint and burn functions, allowing conversion between USDC and JUSD. Key aspects include configuring the contract to be mintable and burnable, using an IDE for implementation, and ensuring interaction with USDC through transfer functions. The deployment is outlined via the network’s testnet using a WebAssembly file, demonstrating the contract’s deployment steps in the Stellar ecosystem.