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YUSD Stablecoin

YUSD Stablecoin YUSDPrice N/A

YUSD Price

N/A

General Info

Contracts/Explorers:

Avalanche C-Chain

Tags (Sub-Categories):

# Inactive

Funds and Backers

Description

YUSD is an over-collateralized USD-pegged stablecoin issued by Yeti Finance

YUSD Stablecoin (YUSD) Chart

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

Additional Data

ATH Market Cap

$ 300.79M

Total Supply

YUSD 14,864,947

All Time High

$ 1.18

11 Nov 2024


All Time Low

$ 0.0870

26 Feb 2024

Trending YUSD Stablecoin Fiat Pairs

What is YUSD Stablecoin (YUSD)?

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.

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