Market Cap:
$1 613 224 898 870
(▼2.68%)
- Volume 24h: $102 671 773 465 (6.36%)
- Market Cap Change 24h: ▼2.68%
- BTC dominance: 44.71%
StableUSD
USDS
Token Blockchain:
Ethereum
- USD: $1.00
1h: ▲0.8% 24h: ▲0.71% 7d: ▲1.18%
- BTC: 0.000031 BTC
- ETH: 0.00052 ETH
All Time High: $6.21 3 years ago
Current price is -84 % from ATH
Current price is -84 % from ATH
- Cap: -
- Vol 24h: $23 497
- Total: 654 911 USDS
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About StableUSD
StableUSD (USDS) is a fiat-collateralized stablecoin created by Stably, Inc. Each StableUSD token is legally backed and redeemable for a US Dollar held in FDIC-insured escrow accounts managed by our fiduciary custodians, such as Prime Trust.
The biggest and most obvious problem with using popular cryptocurrencies for transactional purposes at the moment is price volatility. By making StableUSD redeemable and pegged 1-to-1 with US dollars, we can virtually eliminate volatility while still retaining many useful characteristics of a cryptocurrency - including fast transaction speed, anonymity, and immutability.
The biggest and most obvious problem with using popular cryptocurrencies for transactional purposes at the moment is price volatility. By making StableUSD redeemable and pegged 1-to-1 with US dollars, we can virtually eliminate volatility while still retaining many useful characteristics of a cryptocurrency - including fast transaction speed, anonymity, and immutability.
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