YUSD is a stablecoin issued by Yeti Finance on Avalanche.
YUSD is a USD-pegged stablecoin on Avalanche, maintaining stability through collateralization and arbitrage, allowing high leverage borrowing without interest.
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What is YUSD Stablecoin (YUSD)?
YUSD is an over-collateralized USD-pegged stablecoin issued by Yeti Finance. It employs multiple mechanisms to maintain its price stability and peg at $1. Users can mint YUSD by depositing collateral on Yeti Finance. The system allows redemptions of YUSD for collateral at face value (1 YUSD for $1) and permits minting of YUSD against USDC at a minimum collateral ratio of 103%, creating arbitrage opportunities that establish a price floor and ceiling. Yeti Finance is a sophisticated decentralized borrowing platform built on Avalanche, enabling users to borrow up to 11x against primary assets like WETH, staked assets such as Liquid AVAX, LP tokens, and up to 21x on yield-bearing stablecoins—all at a 0% interest rate.
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YUSD Stablecoin price live information
As of now, YUSD Stablecoin is trading at 0.995002 USD, with a 24-hour trading volume of approximately 0 USD. The YUSD to USD price is updated in real time. Over the past 24 hours, YUSD Stablecoin has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 217.03M USD. Currently, there are 218 122 096.9 YUSD in circulation out of a maximum supply of 218 122 096.9 YUSD.
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