dTRINITY USD

DUSD Price

What is dTRINITY USD about?

dTRINITY USD (dUSD) is a decentralized stablecoin fully backed by an exogenous, on-chain reserve of other USD-denominated stablecoins and yield-bearing stablecoins. Based on the ERC-20 standard, every dUSD token is backed by at least $1 of collateral. It is also the world’s first subsidized stablecoin, with underlying reserve earnings externalized to its borrowers instead of token holders or stakers.

What makes dTRINITY USD unique?

dUSD is backed 1:1 by an on-chain collateral reserve comprising stablecoins such as USDC, FRAX, and DAI, as well as yieldcoins like sFRAX and sDAI. The earnings from this reserve are used to fund interest rebates for dUSD borrowers on dLEND, based on their outstanding debts, effectively lowering their borrowing costs. This mechanism not only stimulates borrowing demand but also enhances the sustainability of utilization and yields for dUSD lenders.

What can dTRINITY USD be used for?

dTRINITY USD can be used for borrowing and lending within the dLEND money markets, as well as for accessing external liquidity pools like Curve. It serves as a unified liquidity layer, facilitating efficient and cost-effective transactions within the DeFi ecosystem.

Where can you buy dTRINITY USD?

DUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade dTRINITY USD is Curve (Fraxtal), where the most active trading pair DUSD/SFRXUSD has a trading volume of $1,200.84 in the last 24 hours.

What is the daily trading volume of dTRINITY USD (DUSD)?

The trading volume of dTRINITY USD (DUSD) is $1,200.06 in the last 24 hours, representing a -56.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for dTRINITY USD (DUSD)?

dTRINITY USD (DUSD) reached an all-time high of $1.12 and an all-time low of $0.4907. It’s now trading -11.10% below that peak and 103.50% above its lowest price.

What is the market cap of dTRINITY USD (DUSD)?

Market capitalization of dTRINITY USD (DUSD) is $1,179,495 and is ranked #2916 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DUSD tokens (1.2 Million tokens are tradable on the market today).

What is the fully diluted valuation of dTRINITY USD (DUSD)?

The fully diluted valuation (FDV) of dTRINITY USD (DUSD) is $1,179,495. This is a statistical representation of the maximum market cap, assuming total number of 1.2 Million ETH tokens are in circulation today.

How does the price performance of dTRINITY USD compare against its peers?

With a price increase of 0.00% in the last 7 days, dTRINITY USD (DUSD) is underperforming the global cryptocurrency market which is up 2.80%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.30%.