# pileUSDB

At launch, pileUSDB will be the token that traders can use to open positions. pileUSDB is minted and burned upon deposit and withdrawal of USDB into the USDB Pile. \
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pileUSDB is also minted and burned upon the closing of positions on Takepile. The gain or loss of a trade is minted in pileUSDB and then deposited into a user's wallet. This gain or loss is also reflected in the pile itself, affecting the conversion rate of pileUSDB to USDB.