StableUSD (USDS) Trading Down 1.2% Over Last Week

StableUSD (CURRENCY:USDS) traded up 1.5% against the dollar during the 24-hour period ending at 16:00 PM Eastern on May 4th. Over the last seven days, StableUSD has traded 1.2% lower against the dollar. One StableUSD coin can now be purchased for approximately $1.00 or 0.00007038 BTC on exchanges. StableUSD has a total market capitalization of $522,166.10 and approximately $93.00 worth of StableUSD was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

  • Chainlink (LINK) traded 9.7% higher against the dollar and now trades at $46.22 or 0.00085238 BTC.
  • THETA (THETA) traded down 11.1% against the dollar and now trades at $10.50 or 0.00019370 BTC.
  • Binance USD (BUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00001844 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • PancakeSwap (CAKE) traded 9.2% lower against the dollar and now trades at $38.16 or 0.00070371 BTC.
  • Aave (AAVE) traded down 7.5% against the dollar and now trades at $472.05 or 0.00870450 BTC.
  • Maker (MKR) traded 5.1% lower against the dollar and now trades at $5,443.94 or 0.10038593 BTC.
  • FTX Token (FTT) traded down 3.2% against the dollar and now trades at $55.38 or 0.00102130 BTC.
  • Huobi Token (HT) traded 10.8% lower against the dollar and now trades at $24.11 or 0.00044459 BTC.

StableUSD Coin Profile

StableUSD (USDS) is a coin. Its genesis date was August 15th, 2018. StableUSD’s total supply is 90,000,487,233 coins and its circulating supply is 519,602 coins. The official website for StableUSD is www.stably.io. StableUSD’s official Twitter account is @StablyCoin and its Facebook page is accessible here. StableUSD’s official message board is medium.com/stably-blog.

According to CryptoCompare, “StableUSD (USDS) is a fiat-collateralized stablecoin created by Stably. Each StableUSD token is legally backed and redeemable for a US Dollar held in escrow accounts managed by Stably's regulated trustees, such as Prime Trust. To provide a complete and up-to-date level of transparency, Stably provides a view of its reserve balance in real-time via a live feed from the API of its reserve holders. Independent third-party Cohen & Co. also provides regular attestations on the StableUSD reserve balance. By making StableUSD redeemable and pegged 1-to-1 with US dollars, it virtually eliminates volatility while still retaining many useful characteristics of a cryptocurrency – including fast transaction speed, anonymity, and immutability. “

StableUSD Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as StableUSD directly using U.S. dollars. Investors seeking to trade StableUSD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase StableUSD using one of the aforementioned exchanges.

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