Currencies
15734
Market Cap
$ 1.34T
+0.97%
24h Spot Volume
$ 32.04B
-3.61%
BTC Dominance
42.41%
+0.53%
ETH Gas
51 Gwei

USD Balance

[USDB]
Fantom
USDB is a next generation algorithmic stablecoin built on the Fantom blockchain

USD Balance Price

$ 0.994-0.58

0.0000334-2.04

High / Low

High:$ 1.00

Low:$ 0.994

USD Balance Market Cap

$ 4,344,053 
Ƀ 146
FDMC: $ 16,499,790 
ATH: $ 4,656,632 

24h Trade Volume

$ 10,837 
Ƀ 0.364
USDB 10,904

Supply

Circulating:
USDB 4,370,624(26.33%)
Total:
USDB 16,600,714
Max:
USDB 16,600,714

All-Time-High (ATH) Price

$ 1.07 (17 May 2022)
Ƀ 0.0000392 (12 May 2022)
ETH 0.000582 (12 May 2022)
From ATH: -6.71%
To ATH: +7.2%

USD Balance Live Chart

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

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

USDB to USD Converter

USDB

USD Balance Live Info Today

USD Balance's current price is $ 0.994, it has dropped -0.58% over the past 24 hours.

USD Balance's All Time High (ATH) of $ 1.07 was reached on 17 May 2022, and is currently -6.71% down.

The maximum supply of USD Balance that will ever be issued is 16.60 Millions tokens, and the current supply of USDB in circulation is 4.37 Millions tokens.

USD Balance’s 24 hour trading volume is $ 10.84 Thousands.

USD Balance's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 4.34 Millions.

What is USD Balance

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: 

  • To unlock the value of the illiquid supply of FHM in the DAO operating account without affecting market price.
  • To utilize stablecoins in the treasury to achieve utility and/or growth through asset purchases. These stablecoins would otherwise just be sitting idle and holding value in the treasury.

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