USD+ Price Today
USD+ price today is $1.00 with a 24-hour trading volume of $1,428,128. USD+ price is down -0.2% in the last 24 hours. It has a circulating supply of 2.1 Million USD+ coins and a total supply of 2.1 Million. If you are looking to buy or sell USD+, Dystopia is currently the most active exchange.
What was the highest price for USD+?
USD+ hit an all time high of $1.02 on May 27, 2022 (about 1 month).
What was the lowest price for USD+?
USD+ had an all time low of $0.739372 on Jun 01, 2022 (29 days).
What was the 24 hour trading volume of USD+?
The 24 hour trading volume of USD+ is $1,428,128.
Where can USD+ be traded?
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.