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USD0

USD0 USD0 Price $ 0.996

USD0 Price

0.996
0.03%
Price Range
LowHigh
$ 0.996$ 1.00

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Description

USD0 is a stablecoin issued by Usual and backed 1:1 by Real-World Assets.

USD0 (USD0) Chart

USD0 price Index provides the latest USD0 price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

USD0 to USD Converter

USD0 (USD0)USD0

USD0 Price Statistics

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Market Cap

N/A

Fully diluted value

FDV

N/A

24 Trade Vol.

$ 2.53K

Listing Date

11 Jul 2024

All Time High

$ 1.01

18 Jul 2024


All Time Low

$ 0.948

4 Aug 2024


From ATH

1.71%

From ATL

5.06%

What is USD0 (USD0)?

USD0 is the first Liquid Deposit Token (LDT) launched by the Usual Protocol. It is backed 1:1 by Real-World Assets (RWA) with ultra-short maturity, ensuring high stability and security. USD0 aims to revolutionize access to RWAs for retail investors and DeFi users by providing an institutional-grade, yield-generating stablecoin. This stablecoin aggregates various US Treasury Bill tokens, offering a secure and bankruptcy-remote solution that is not linked to traditional bank deposits.

As a fully transferable and permissionless stablecoin, USD0 integrates seamlessly within the DeFi ecosystem, enhancing liquidity and financial efficiency. USD0's key features include real-time transparent reserves, avoiding fractional reserve practices, and being fully collateralized by US Treasury Bills and repos. This setup provides a higher security standard and mitigates risks associated with commercial banks. USD0's utility lies in unifying the liquidity of various deposits, creating an efficient financial ecosystem. The initial collateral for USD0 has been selected through comprehensive due diligence to ensure security and mitigate counterparty or default risks.

USD0 Price Today

USD0's current price is $ 0.996, it has increased +0.03% over the past 24 hours.

USD0's All Time High (ATH) of $ 1.01 was reached on 18 Jul 2024, and is currently -1.71% down.

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