StableUSD (USDS) Trading Down 1.2% Over Last Week


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StableUSD (CURRENCY:USDS) traded 1.5% higher against the U.S. dollar during the 24-hour period ending at 16:00 PM E.T. on May 4th. One StableUSD coin can currently be bought for approximately $1.00 or 0.00007038 BTC on popular cryptocurrency exchanges. StableUSD has a total market capitalization of $522,166.10 and $93.00 worth of StableUSD was traded on exchanges in the last 24 hours. In the last week, StableUSD has traded down 1.2% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Chainlink (LINK) traded 9.7% higher against the dollar and now trades at $46.22 or 0.00085238 BTC.
  • THETA (THETA) traded 11.1% lower against the dollar and now trades at $10.50 or 0.00019370 BTC.
  • Binance USD (BUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00001844 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • PancakeSwap (CAKE) traded 9.2% lower against the dollar and now trades at $38.16 or 0.00070371 BTC.
  • Aave (AAVE) traded 7.5% lower against the dollar and now trades at $472.05 or 0.00870450 BTC.
  • Maker (MKR) traded 5.1% lower against the dollar and now trades at $5,443.94 or 0.10038593 BTC.
  • FTX Token (FTT) traded 3.2% lower against the dollar and now trades at $55.38 or 0.00102130 BTC.
  • Huobi Token (HT) traded 10.8% lower against the dollar and now trades at $24.11 or 0.00044459 BTC.

StableUSD Profile

StableUSD is a coin. It was first traded on August 15th, 2018. StableUSD’s total supply is 90,000,487,233 coins and its circulating supply is 519,602 coins. StableUSD’s official website is www.stably.io. StableUSD’s official Twitter account is @StablyCoin and its Facebook page is accessible here. StableUSD’s official message board is medium.com/stably-blog.

According to CryptoCompare, “StableUSD (USDS) is a fiat-collateralized stablecoin created by Stably. Each StableUSD token is legally backed and redeemable for a US Dollar held in escrow accounts managed by Stably's regulated trustees, such as Prime Trust. To provide a complete and up-to-date level of transparency, Stably provides a view of its reserve balance in real-time via a live feed from the API of its reserve holders. Independent third-party Cohen & Co. also provides regular attestations on the StableUSD reserve balance. By making StableUSD redeemable and pegged 1-to-1 with US dollars, it virtually eliminates volatility while still retaining many useful characteristics of a cryptocurrency – including fast transaction speed, anonymity, and immutability. “

StableUSD Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as StableUSD directly using US dollars. Investors seeking to acquire StableUSD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase StableUSD using one of the aforementioned exchanges.

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