ATH Market Cap
24h Trade Volume
Vol (24h) / MCap
All Time High
17 May 2022
USDB is a first-of-its-kind stablecoin that allows FantOHM to generate revenue like no other OHM fork. USDB is a proprietary tradable stablecoin. It serves the use case of unlocking the full value and potential of the treasury and the DAO operating account while maintaining stability in the treasury. The amount of USDB created at a given point in time is the burnt market value of FHM at a specific point in time.
Proof-of-burn is a consensus mechanism that ensures there will be no double spending of an asset. Once an FHM token is burned, the value (at the time of burn) is locked and recorded on-chain. That means burning an amount of FHM from the DAO operating account would mint the same dollar value in USDB. $1 in FHM to $1 USDB. When USDB rises above $1 in value, a bond is offered to purchase USDB with DAI at a $1 per USDB valuation instantly. DAI is then deposited to FantOHM’s treasury and investors get USDB that can then be swapped for other stables or assets in a DEX.
Right now, there are two main reasons why we need USDB:
USD Balance's current price is $ 0.376, it has dropped -0.28% over the past 24 hours.
USD Balance's All Time High (ATH) of $ 1.07 was reached on 17 May 2022, and is currently -64.7% down.
The current circulating supply of USD Balance is 289.20 Thousands tokens, and the maximum supply of USD Balance is 16.60 Million.
USD Balance’s 24 hour trading volume is $ 2.85 Thousands.
USD Balance's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 108.69 Thousands.