Currencies
15734
Market Cap
$ 1.33T
+0.67%
24h Spot Volume
$ 32.24B
-3.01%
BTC Dominance
42.35%
+0.34%
ETH Gas
61 Gwei

Moremoney USD

[MONEY]
Moremoney USD is a new stablecoin backed by yield-bearing tokens

Moremoney USD Price

$ 0.993-0.99

0.0000335-2.09

High / Low

High:$ 1.01

Low:$ 0.985

Contracts

Avalanche

Moremoney USD Market Cap

N/A
FDMC: $ 9,934,193 

24h Trade Volume

$ 11,116 
Ƀ 0.375
MONEY 11,189

Supply

Total:
MONEY 598,593
Max:
MONEY 10,000,000

All-Time-High (ATH) Price

$ 1.11 (11 May 2022)
Ƀ 0.0000404 (12 May 2022)
ETH 0.0006 (12 May 2022)
From ATH: -10.5%
To ATH: +11.8%

Moremoney USD Live Chart

Moremoney USD price Index provides the latest MONEY price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

The Moremoney USD to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

MONEY to USD Converter

MONEY

Moremoney USD Live Info Today

Moremoney USD's current price is $ 0.993, it has dropped -0.99% over the past 24 hours.

Moremoney USD's All Time High (ATH) of $ 1.11 was reached on 11 May 2022, and is currently -10.5% down.

What is Moremoney USD

MONEY is the platform's issued ultrasound USD pegged stablecoin. MONEY is backed by a basket of decentralized crypto assets including AVAX, JOE, ETH, QI, and incentivised Trader Joe and Pangolin LP. 

MONEY is an Avalanche-native stablecoin token similar to USDC, USDT, DAI. MONEY can be traded for other tokens or stablecoin or in DeFi: pairing for liquidity on AMMs, as collateral for borrowing, bonding for tokens, or held as a store of value. The protocol’s stablecoin is backed by the value of the collateral that users deposit, as well as interest and farm reward earned by collateral. It can be traded for other stable and non-stable assets using decentralised exchanges.

MONEY is designed to maintain parity with USD. Since loans including minting fees are in excess of the amount withdrawn by the user, loan repayment (either manual or automatic) serves as a steady stream of demand for the stablecoin, providing support for the price via market mechanics beyond the backing value. In case 1 MONEY < 1 USD it becomes attractive for users to buy MONEY from the open market to repay loan. Arbitrageurs also ensure that the US Dollar peg is maintained by buying up MONEY in the market when it is below peg and reselling when the peg is regained. The exact opposite is the case when MONEY is above the 1 USD peg.

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