USD+ – Time To Buy Crypto

Is it a good time to buy USD+ right now?

Current Price: $1.00

Average Daily Volume

USD+ is currently ranked number 785 worldwide with a daily trading volume of $424,342.00, which it will make it not so easy for you to sell your holdings of USD+.

Market Cap

USD+ has a total market cap of $18,445,177.00.

Community

USD+ has 10,779 total followers in all its social media accounts.

All Time High

USD+ is a stable coin. It's price is packed to the US Dollar and only jumps in prices to other fiat currencies.

Price Potential

Stable coins like USD+ are digital assets pegged to a stable asset such as USD, aimed at reducing volatility. They offer benefits of both traditional fiat currencies and cryptocurrencies.

Overall Score

Stable coins are digital assets pegged to a stable value, usually the US dollar. Pros: reduced volatility, easier to use as a means of payment and store of value. Cons: Centralized nature can lead to potential loss of value and lack of security.

How to buy USD+ today?

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What Is USD+?

USD+ is a yield-generating stablecoin yielding 8-12% pa, via daily rebase. It is fully backed by a portfolio of liquid, yield generating, low-risk DeFi assets (mostly, lending protocols and stable-to-stable liquidity pools in a way that allows to (1) avoid losses and generate profit every day (2) mint and redeem USD+ against USDC instantly on request.

USD+ is used for (1) liquidity management - temporary parking of spare stablecoin cash (2) AMM trading and (3) leveraged yield farming. USD+ brings the benefit of capital efficiency to stablecoin usage, i.e. extra yield on idle stablecoins and/or used in major protocols

USD+ is currently on Polygon and expanding to other chains. We are going to market by establishing USD+ trading pairs at leading AMMs: (1) Stablecoin boosted pools on Balancer/Beethoven (2) ETH-USD+, Matic-USD+ on Quickswap/Uni V2, (3) potentially, Curve. The advantage USD+ has is our ability to maintain the peg without deploying our own capital - as USD+ can be minted/redeemed against USDC instantly, we are able to arbitrage our pools using flashloans, without our own capital, thus maintaining the peg.

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