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Stablecoin
YUSD Price
Contracts/Explorers:
Avalanche C-Chain
Funds and Backers
YUSD is an over-collateralized USD-pegged stablecoin issued by Yeti Finance
YUSD is an over-collateralized USD-pegged stablecoin issued by Yeti Finance. It has multiple mechanisms to keep its price stable and pegged at $1. YUSD can be minted by depositing collateral on Yeti Finance. The ability to redeem YUSD for collateral at face value (i.e. 1 YUSD for $1 of collateral) and to mint YUSD against USDC at a minimum collateral ratio of 103% creates a price floor and price ceiling respectively through arbitrage opportunities.
Yeti Finance is a cutting edge decentralized borrowing protocol built on Avalanche that allows users to borrow up to 11x against base assets like WETH, staked assets like Liquid AVAX, LP tokens - and 21x on yield-bearing stablecoins, all at a 0% interest rate.
YUSD Stablecoin's current price is $ 0.989, it has dropped -2.17% over the past 24 hours.
YUSD Stablecoin's All Time High (ATH) of $ 1.16 was reached on 13 Dec 2023, and is currently -14.5% down.
The current circulating supply of YUSD Stablecoin is 14.86 Million tokens, and the maximum supply of YUSD Stablecoin is 14.86 Million.
YUSD Stablecoin's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 14.70 Million.
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