USD+ usd+
-0.15 % $ 0.999843
$0.997429 24H Range $1.005
Market Data
Price $ 0.999843
Volume $ 55,560.00
Volume / Market Cap 0.0086
Supply
Circulating Supply 6,455,766.93
Total Supply 6,455,766.93
Valuation
Market Cap $ 6,461,009.00
Fully diluted market cap $ 6,461,009.00
USD+ (usd+) Price Chart
USD+ (usd+) Price Info
Timeframe Price Change(%)
1h -0.11%
24h -0.15%
7d -0.04%
14d -0.13%
30d -0.09%
1y 0.00%
USD+ is a yield-generating stablecoin yielding 8-12% pa, via daily rebase. It is fully backed by a portfolio of liquid, yield generating, low-risk DeFi assets (mostly, lending protocols and stable-to-stable liquidity pools in a way that allows to (1) avoid losses and generate profit every day (2) mint and redeem USD+ against USDC instantly on request. USD+ is used for (1) liquidity management - temporary parking of spare stablecoin cash (2) AMM trading and (3) leveraged yield farming. USD+ brings the benefit of capital efficiency to stablecoin usage, i.e. extra yield on idle stablecoins and/or used in major protocols USD+ is currently on Polygon and expanding to other chains. We are going to market by establishing USD+ trading pairs at leading AMMs: (1) Stablecoin boosted pools on Balancer/Beethoven (2) ETH-USD+, Matic-USD+ on Quickswap/Uni V2, (3) potentially, Curve. The advantage USD+ has is our ability to maintain the peg without deploying our own capital - as USD+ can be minted/redeemed against USDC instantly, we are able to arbitrage our pools using flashloans, without our own capital, thus maintaining the peg.
News about USD+
VP of $1,530,000,000,000 Asset Manager Says Ethereum Staking Presents Big Opportunities to Institutional Investors
dailyhodl.com • 20 minutes ago
These Investors Buying Up Cardano (ADA) En Masse, What Is Their Plan?
u.today • an hour ago
Bitcoin Miners May Have Seen The Darkest In Q4 As BTC Rises Past $17,000
bitcoinist.com • an hour ago
How did the FTX collapse impact the Web3 gaming industry?
cryptoslate.com • 2 hours ago
‘Black Swan’ Author Explains Why the Former FTX CEO ‘Needs To Be Behind Bars’
cryptoglobe.com • 2 hours ago
What’s In Store For Cardano This December – Will ADA Be Merry Before Christmas?
newsbtc.com • 2 hours ago