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Liquity USD  


LUSD Price:
$1.7 M
All Time High:
Market Cap:
$48.9 M

Circulating Supply:
Total Supply:
Max Supply:


The last known price of #LUSD is $1.00 USD.

Please note that the price of #LUSD was last updated over 210 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #LUSD statistics should be considered as 'last known value'.

The lowest LUSD price for this period was $0, the highest was $0.999, and the exact last price of LUSD was $0.99869.

The all-time high LUSD coin price was $6.40.

Use our custom price calculator to see the hypothetical price of LUSD with market cap of BTC or other crypto coins.


The code for Liquity USD is #LUSD.

Liquity USD is 2.3 years old.


The current market capitalization for Liquity USD is $48,921,377.

Liquity USD is ranking upwards to #288, by market cap (and other factors).


The trading volume is big today for #LUSD.

Today's 24-hour trading volume across all exchanges for Liquity USD is $1,696,122.


The circulating supply of LUSD is 48,985,597 coins, which is 100% of the total coin supply.


LUSD is a token on the Ethereum blockchain, and has digital contracts with 4 other blockchains.

See list of the LUSD Blockchain contracts with 5 different blockchains.


LUSD is available on several crypto currency exchanges.

View #LUSD trading pairs and crypto exchanges that currently support #LUSD purchase.


Note that there are multiple coins that share the code #LUSD, and you can view them on our LUSD disambiguation page.




Liquity is Live on Instadapp

We’re pleased to announce that Liquity is now live on Instadapp. This integration brings new capabilities to Liquity and we can’t wait to see what the community will build. Soon after this blog post, I’ll be releasing a more detailed blog post covering how developers can take advantage of Instadapp’s SDK. — What is Instadapp? - Instadapp is a DeFi protocol that creates a smart contract (“DeFi Smart Account”) that can act on behalf of a user. This opens up novel ways for users to interact with various DeFi protocols. Interactions that might have taken five manual transactions across five different protocols, can instead be bundled up into one single transaction and executed from the user’s smart contract — greatly simplifying the process for the user and saving them a lot of gas and time. When you combine the DeFi Smart Account with Instadapp’s automation framework powered by Gelato, you enable powerful features. For example, you could delegate Trove management to bots and have them protect your Trove when the Ether price is falling. Instadapp is for both users and developers. Users can use their DeFi dashboard to easily manage and connect their DeFi positions while developers can use their frontend SDK to bring the Instadapp protocol into their own dapps. — Thinking of using Liquity? - If you’re an Instadapp user that’s considering using Liquity, you can now open a Trove and more throu...

How to earn rewards using PowerPool’s Yearn Lazy Ape Index

Guide for depositing ycrvLUSD to the YLA Index.. — In this post, I’ll be providing a step-by-step guide on how to use your yvCurve-LUSD in PowerPool’s Yearn Lazy Ape Index! 🐵 Before we get started: — What is yvCurve-LUSD?. — yvCurve-LUSD is the share token that users receive for depositing to Yearn Finance’s crvLUSD Vault, which deposits to the LUSD 3Pool and manages CRV rewards automatically. If you aren’t familiar with the crvLUSD Yearn Vault, you can find a detailed guide here. — What is PowerPool?. — PowerPool is a meta-governance protocol based on an ecosystem of smart indexes. It offers productive indexes to its users and provides a new level of decision-making for the DeFi ecosystem. — What is the Yearn Lazy Ape Index (YLA), how does it work, and what are the benefits?. — The Yearn Lazy Ape Index (YLA) is one of the most interesting indexes that PowerPool offers, and it allows for diversified exposure to four different Vaults in a single token: yvCurve-LUSD (😎), yvCurve-USDN, yvCurve-USDP, yvCurve-BUSD, Yearn Vault APYs constantly fluctuate, so this index periodically re-allocates the pooled funds and assigns new weights to maximize returns. This means Yearn Lazy Ape minters/holders can quite literally be “lazy”, save on gas costs, and rest assured knowing their position is being actively managed. For an in-depth explanation, view the diagram and linked ...

How to earn Stability Pool rewards using B.Protocol V2

In this post, I’ll be providing a step-by-step guide covering how to earn Stability Pool rewards using B.Protocol. You can find the original announcement for this integration here. — What is B.Protocol?. — B.Protocol is a decentralized backstop-liquidity protocol that aims to make lending platforms (MakerDAO and Compound in V1) more capital efficient and stable by incentivizing simple users and professional traders to act as keepers (liquidators of under-collateralized loans). With the launch of V2, B.Protocol has shifted its model a bit and introduced the Backstop Automated Market Maker (B.AMM). The B.AMM is an automatic market maker optimized for lending platform liquidations. It’s a fully autonomous smart contract and can efficiently handle liquidations of big debt with smaller capital requirements. The first integration that the B.AMM will support is Liquity’s Stability Pool. In short, B.Protocol’s integration auto-compounds liquidation gains from the Stability Pool, saving users gas fees and allowing users to maintain their share in the Stability Pool while locking in profits from ETH liquidation gains 🧙 Let’s dive deeper into how it works and learn how to deposit LUSD. Quick Disclaimer: This tutorial is not a recommendation and interacting with DeFi protocols can be risky. B.Protocol V2 is a new product, please do your own research and use your best judgement. — How does it work and what ...

How EIP-1559 changes the transaction fees of Ethereum

Today, EIP-1559 is being rolled out as part of Ethereum’s latest hard fork in an attempt to make transaction fees more predictable. Up to now, transaction fees have shown large volatility (even higher than the Ether token itself) as they were solely based on bids of the transaction senders. Whenever Ethereum was under a high transaction load (like during recent NFT launches) or in heavy market crashes like on May 12, 2020, the fees would spike uncontrollably. With EIP-1559, Ethereum is moving from a purely bidding-based system to a hybrid approach where the network determines a base fee given the current network load while allowing users to pay a tip to the miners for faster transaction processing. While simple, at first sight, the new method has its intricacies that are worth exploring in more detail. In this post, I’ll try to shed some light on how users’ parameter choices impact the actual costs of the transaction and its chances of getting mined (quickly). — Transaction fees before EIP-1559 - Before EIP-1559 there was a single transaction fee received entirely by the miner who produced the block including the transaction. This fee was a product of the gas consumed by your transaction (an approximation of the computational effort required to execute the transaction) and the amount of ETH you were willing to pay for each unit of gas (“gas price”). — Transaction fees after EIP-1559 - EIP-1559 doesn...

Comparison Series: Liquity Protocol and Reflexer Finance

In the first installment of the Comparison Series, we discussed the key differences between Liquity Protocol and MakerDAO — breaking down governance, peg maintenance, collateral types, and more. I’d recommend reading it before diving into this post because in many ways Reflexer is a governance-minimized version of MakerDAO. — What is Liquity?. — Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%. — What is Reflexer?. — Reflexer is a decentralized borrowing protocol that allows you to draw loans with variable interest rates against Ether. Loans are paid out in RAI, a non-pegged stable asset (interesting right?), and need to maintain a minimum collateral ratio of 145%. Liquity set out to create a more efficient borrowing protocol with a heavy focus on decentralization and capital efficiency. Reflexer shares the same values, but takes a different approach, focusing more on their stable asset than on borrowing as a use case. Before we get started, I would like to remind everyone that the purpose of this comparison series isn’t to pit communities against each other or say one protocol is “better” than the other. Instead, its goal is to simply compare and contrast key differences between similar protocols. DeFi c...

How to use Liquity on DeFi Saver

In this post, I’ll provide a step-by-step guide covering how to use Liquity on DeFi Saver — which provides powerful tools for interacting with Liquity and other borrowing protocols in the DeFi ecosystem. Quick Disclaimer: This tutorial is not a recommendation and interacting with DeFi protocols can be risky. Please do your own research and use your best judgement. — What is DeFi Saver? - DeFi Saver is an advanced management dashboard that integrates various DeFi protocols and provides unique tools for users. At the time of writing, Liquity is supported by DeFi Saver’s Boost and Repay options and the Recipe Creator, while Trove-Automation and one-transaction leveraged Troves are still in the pipeline. The Boost and Repay options are quite simple, but useful for borrowers that actively manage their Trove. We’ll discuss why later in this tutorial. What really makes DeFi Saver unique is its Recipe Creator. Users can combine almost any multi-step process into one transaction according to their needs — potentially saving users hundreds or thousands in gas fees. Additionally, you can migrate existing MakerDAO, Aave, Compound, and Reflexer ETH-stablecoin positions to a Liquity Trove. I’ll explain how in the last section 😉 — DSProxy / Smart Wallet Explained - When you open a position with any protocol on DeFi Saver, you’re creating it on a “Smart Wallet”. In short, a Smart Wallet is a DSProxy...

How to earn rewards with the Saddle D4 Pool

In this post, I’ll be providing a step-by-step guide on how to provide liquidity and earn rewards using Saddle Finance’s D4 Pool. You can find the original announcement for the pool here. Quick Disclaimer: This tutorial is not a recommendation and interacting with DeFi protocols can be risky. The D4 Pool is experimental, please do your own research and use your best judgement. — What is Saddle Finance and the D4 Pool? - Saddle is a decentralized exchange designed to enable efficient trading between same-peg crypto assets. Akin to Curve and Uniswap, there are liquidity pools (e.g. the D4Pool) where users can provide liquidity and earn trading fees and rewards. I would recommend reading their docs if needed before continuing. Usually, I’d start with an intro for Liquity, but there’s more to it this time. Saddle’s D4 Pool consists of arguably four of the brightest up and coming decentralized stablecoins: LUSD (Liquity Protocol), alUSD (Alchemix), FEI (Fei Protocol), and FRAX (Frax Finance)! We’ll save the descriptions of each project for another time to keep it short. Not only is the D4 Pool an interesting experiment, all four protocols are incentivizing the D4 pool with rewards (LQTY, ALCX, TRIBE, FXS) for up to one-year. This has to be a record 🧙🏽 — Navigating through Saddle’s Homepage - In order to participate, you’ll have to find your way to the Saddle homepage, then click on Saddle App ...

How to use your crvLUSD on Element Finance

In this post, I’ll be providing a step-by-step guide on how to “save” and “earn” on crvLUSD using the recently launched Element Finance. — What is Element Finance?. — Element is a decentralized protocol that allows users to obtain fixed-rate and variable-rate yield in the DeFi market, as well as trade between the two with high capital efficiency. Element Finance recently launched on Ethereum (June 30th, 2021) with initial support for crvLUSD, the LP token for Curve’s LUSD+3Pool — they’ve since added Curve’s Tricrypto pool as well. Quick Disclaimer: This tutorial is not a recommendation and interacting with new protocols can be risky. Element is experimental, please do your own research and use your best judgement. — Obtain crvLUSD - Before you can interact with Element, you’ll first need to obtain crvLUSD. This is done by providing liquidity to Curve’s LUSD+3Pool. If you need guidance, here’s my previous tutorial on how to deposit to the pool. Otherwise, you can jump right in. — Navigating Element’s UI - Now that you’ve obtained some crvLUSD, you’ll want to access Element’s homepage: Feel free to browse around, but at first glance, you’ll notice two options: Start Saving and Start Earning. I’ll go into more detail on how each option works in their dedicated sections, but for now, this is what you need to know: Saving: For casual and risk-averse users seeking...

Addressing Concerns about Liquity

Since Liquity’s launch a few months ago and the emergence of the Maker to Liquity migration bridge on DeFi Saver, the Liquity Protocol has faced some criticism from the Maker community and others that I believe is worth discussing. We appreciate the feedback and would like to take the occasion to add more color and help users decide which protocol to use in which situation. The criticism mainly relates to the following areas that we’ll cover one by one in this post: Usage and use cases, Redemptions, LUSD peg, — Usage and use cases - We are convinced that Maker and Liquity both have their very own characteristics and particularly suitable use cases. For example, with its 0.5% minimum borrowing fee, Liquity is not designed to be competitive for very short term loans. If you intend to repay your debt within a few days or hours, there’s simply not enough time to amortize the upfront fee. On the other hand, Liquity may be much more attractive for longer term borrowers which would pay significant interest rates on Maker over time. Once a borrower has opted to use Liquity and paid the borrowing fee, there’s also little incentive to switch (back) to Maker. A valid question raised in the debate is what borrowers can actually do with the LUSD they borrow. Here we have to distinguish between external and internal use cases. An external use case involves some interaction with another application or protocol, like sellin...

Liquity Sponsors #HackMoney2021

We’re excited to announce that we’re sponsoring ETHGlobal’s Hack Money 2021 event taking place June 18th—July 9th! The application deadline has been extended to June 17th, apply here. — Interest-free Borrowing - Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against ETH used as collateral. Loans are paid out in LUSD — a USD pegged stablecoin, and need to maintain a minimum collateral ratio as low as 110%. In addition to the collateral, the loans are secured by a Stability Pool containing LUSD and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms here. Liquity as a protocol is non-custodial, immutable, and governance-free. Since our launch on April 5, 2021, Liquity has grown to become the 9th largest Ethereum-based DeFi protocol with over 5,000 members on Discord and a community of 20+ Frontend Operators contributing to the decentralization of the protocol. — Need Inspiration? - We hope to keep this hackathon as open-ended as possible, but definitely understand if you need help with ideas. Our community has shared a few areas of interest over the past few weeks including: Trove management tools (avoiding liquidations, redemptions, etc.), Migration tools (Maker to Liquity, Compound to Liquity, etc.), Auto-leveraging / deleveraging tools, One-click multi-tasking using DS Proxy (e.g. claim LQTY rewards + sta...


Paypal and First Digital Stablecoins Dominate in December as Binance USD...

    The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged crypto asset, observed a 2.5% uptick in its supply, while the newcomer, first digital usd, enjoyed a substantial 85.7% rise. Stablecoin Market Sees Varied Performances Last Month Although the stablecoin market significantly declined since 2022, it ascended once more towards the close of 2023, reaching heights unseen since last May. Yet, among the top ten stablecoins by market capitalization, only two witnessed an uptick in supply over the last 30 days. From Dec. 1, 2023, to Jan. 1, 2024, tether (USDT), the largest stablecoin by market valuation, experienced a 2.5% boost in supply. Presently, USDT holds a market capitalization of $91.86 billion. USDC experienced a slight 0.2% dip, while DAI encountered a 1.7% decline. The greenback-pegged trueusd (TUSD) underwent a 22% contraction in its supply during December. In contrast, the fifth-ranked stablecoin, first digital usd (FDUSD), surged by 85.7%, currently boasting a market valuation of $1.8 billion. BUSD noted a supply reduction of approximately 39% last month, with its market cap now hovering at just over $1 billion. Additionally, Tron's USDD also saw a downtick, with 1.3% of its total supply diminishing in the past 30 days. FRAX and USDP experienced respective declines ranging fro... read More

Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days

    Over the last few weeks, the market value of leading stablecoins has experienced a notable increase. The economy of these fiat-pegged tokens expanded from $123.66 billion to the present $129.14 billion. This substantial growth of almost $6 billion comes after the stablecoin industry shed tens of billions in the last year. Notably, tokens such as BUSD, USDP, and USDC recorded considerable redemptions over the past 12 months.Stablecoins Experience Multi-Billion-Dollar Market Expansion in Three Weeks Recent data indicates that from November 2 to November 24, 2023, spanning 22 days, the stablecoin market expanded by $5.48 billion. Over the previous 24 hours, fiat-pegged cryptocurrencies achieved a trading volume of $50.74 billion, in contrast to the global total trading volume of $88.65 billion. The metrics show stablecoin swaps constitute 57.23% of the overall trading volume worldwide. Tether (USDT) leads with a market value of $88.59 billion, comprising 68.59% of the total $129.14 billion market capitalization and accounting for 5.93% of the entire $1.4 trillion crypto economy. In the last 22 days, USDT's market cap has increased by 4.24%. Usd coin (USDC) also experienced a modest growth since November 2, with its market cap rising 0.81% from $24.5 billion to the present $24.7 billion. DAI's market value has risen by 43.2%, while trueusd's (TUSD) supply has decreased by 5.38% since November 2. BUSD has been declining throughout the year following Paxos's decision to stop mintin... read More

Over 600 Stablecoins 'Depeg' in 2023, Moody's Analytics Launches Monitor...

    Stablecoins, the crypto assets crafted to mirror the stability of fiat currency, have encountered over 600 significant instances of price instability in 2023, as per Moody's Analytics. A 'depeg' or 'depegging' event is characterized by a stablecoin's value swinging beyond a 3% margin from its standard $1 mark within a day, according to Moody's Analytics' latest report.Stablecoins Wobble in 2023 In an effort to keep a close watch on stablecoin fluctuations, Moody's Analytics has introduced its Digital Asset Monitor (DAM), focusing on key players such as tether, usd coin, and binance usd. This tool has tallied a total of 1,914 depegging events across various stablecoins, with high-value fiat-pegged tokens experiencing 609 such instances alone. The analysts at Moody's Analytics revealed a total of 707 depegging events for stablecoins in 2022. Stablecoins are engineered to anchor their value to a fixed rate, commonly $1 per unit, backed by a reserve of fiat currencies or other assets to maintain a uniform value. Despite this, some of the most sizable stablecoins in terms of market value have fallen short of their $1 benchmark, as was the case with USDC during the downfall of Silicon Valley Bank (SVB). 'We have seen the stablecoin market grow into a multibillion-dollar asset class accounting for about 10 percent of the crypto market and most on-chain activity,' Yiannis Giokas, the senior director of Product Innovation at Moody's Analytics wrote. 'However, given ongoing volatility ... read More

Stablecoin Market Rises by Over $600M in October Despite Mixed Supply Dy...

    The stablecoin economy experienced growth in October after several consecutive monthly declines. In the last month, a total of $608 million was added to the fiat-pegged token market. Despite the increase, six stablecoins out of the top ten saw supply reductions during the month.Fiat-Pegged Token Market Grows Modestly in October, With First Digital and Tether Leading the Charge Last month, tether (USDT), the largest stablecoin by market capitalization, experienced a 1.9% increase in its supply, bringing its current market valuation to approximately $84.98 billion. At the close of September 30, 2023, the crypto asset's market cap stood at $83.22 billion. Notably, across 456 crypto exchanges that list Tether, the stablecoin recorded $19.79 billion in global trade volume over the past 24 hours, accounting for more than 27% of the total $71.77 billion in trades conducted during the same period across the entire ecosystem. Furthermore, throughout October, the fiat-pegged market grew from $123.05 billion to $123.66 billion, representing a modest uptick of just 0.495%, equivalent to $608 million, in the stablecoin market over the course of the month. Over the past 30 days, Circle's usd coin (USDC) witnessed a 3.4% reduction, resulting in its current market valuation of $24.50 billion. In comparison, Makerdao's DAI, the third-largest in market valuation, lags significantly behind, standing at $3.72 billion. DAI also experienced a 3% reduction during October. Trueusd (TUSD) saw its su... read More

Uniswap's New Fee Structure: Are You About To Pay More For These Tokens?

    Recently, Uniswap, a prominent decentralized exchange, made headlines by introducing a 0.15% swap fee on specific tokens. While generating buzz and curiosity, this decision has raised several questions regarding its impact on traders. Decentralized exchanges (DEX) facilitate peer-to-peer trading without intermediaries. The absence of centralized entities has advantages but also presents challenges, especially regarding fee structures. Uniswap's latest update to alter its fee structure is a significant shift with potential implications for its large user base. Uniswap Fee Structure: Analyzing The Financial Impact According to data shared by Colin Wu, a blockchain-focused reporter, the daily fees from this change on Uniswap V3 could range between $388,000 and $444,000. Providing deeper insight into the platform's operations, Wu mentions that approximately 35% to 40% of the entire transaction volume on Uniswap occurs on the front end. These figures, while substantial, are just the tip of the iceberg. Specific tokens targeted for this new fee include popular tokens such as ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. However, according to the Chinese reporter, this fee will only apply when these tokens are traded through Uniswap Labs interfaces on the mainnet and its supported Layer 2 networks. Currently, about 35%-40% of the transaction volume in Uniswap is completed through front end, H/T @1kbeetlejuice. Ethereum Uniswap V3 in the past 24h is $810m... read More

Stablecoin Ecosystem Holds Firm Despite Lackluster Activity

    The stablecoin economy has remained relatively lackluster over the past 30 days, fluctuating slightly above or slightly below the $124 billion range. In the last 24 hours, the global trade volume for fiat and commodity-pegged tokens has reached $11.55 billion.Stablecoin Market Shows Resilience Amidst Volume Stagnation and Redemptions As of September 17, 2023, reports that the total value of all stablecoin tokens is $123.86 billion. Tether (USDT), the leading stablecoin by market capitalization, holds the top position with $83,050,991,214. USDT's supply increased by 0.8% over the past month. On Sunday, USDC's market cap stood at $26.16 billion, with its supply increasing by 0.6% in the past 30 days. DAI's supply has decreased by 1.1% compared to 30 days ago, currently standing at $3.84 billion. TUSD's supply has surged, showing a 12.9% increase over the month, bringing its market cap to $3.1 billion. Binance usd (BUSD) has experienced a significant supply decrease of 23.8% over the same period, falling below the $3 billion mark. With a market cap of $2.49 billion, BUSD now ranks as the fifth-largest stable token by valuation. BUSD is followed by Tron's USDD, which has increased by 0.7% to reach $724 million. FRAX, Frax's stablecoin, has seen its supply decrease by 16.5% in the past 30 days, resulting in a current market cap of $669 million. Pax Dollar (USDP) has decreased by 2.4% in the past month, with a market cap hovering around $492 million. FDUSD has experi... read More

August Chronicles Another Month of Decline as 9 of 10 Leading Stablecoin...

    Over the past 30 days, nine of the leading ten stablecoins by market cap experienced declines, with BUSD witnessing the most significant dip, plunging 16.6%. As we wrapped up August, the combined value of these stablecoins hangs just below the $125 billion threshold, continuing a trend of consecutive monthly decreases this year.Major Supply Drops for 9 of the Top 10 Dollar-Pegged Leaders; FDUSD Supply Jumps 40% Higher Currently, the stablecoin market stands at $124.54 billion. Echoing the trends of previous months, August witnessed a contraction in the supply of numerous projects. Tether (USDT), the heavyweight in the stablecoin arena, boasts a valuation of approximately $82.88 billion. However, USDT saw its circulating supply drop by 1.1% over the last 30 days. Circle's usd coin (USDC) declined 1.4% this month, while Makerdao's DAI faced a 6.4% contraction in its monthly supply. USDC's market cap floats around $26.13 billion, with DAI trailing at $3.89 billion. Although DAI's supply stands below 4 billion, BUSD is teetering close to dropping below the $3 billion mark. In the past 30 days, BUSD decreased its supply by a notable 16.6%, while TUSD reported a 3.8% dip in circulation. FRAX, albeit seeing a decline in August, had the slightest reduction of the top ten, shedding a mere 0.6%. Meanwhile, Tron's USDD and pax dollar (USDP) registered monthly drops of 2.5% and 8.3% respectively. The newcomer, first digital usd (FDUSD), defied the trend and expanded its supply from 232 ... read More

Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% o...

    For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet, stablecoins still dominate in terms of global trade volume, accounting for 61% of all settled trades in the past day.Top 10 Stablecoin Supplies Drop Lower in 30 Days; FDUSD's Supply Jumps 23% Higher Each of the ten premier stablecoins by market value has observed a decrease in supply. Notably, tether (USDT) experienced a 1.3% dip in its circulation over the recent month. USDC's supply has diminished by 3%, and Makerdao's DAI took a 7.6% hit. The Paxos-backed BUSD now hovers slightly above 3 billion, shedding 15.7% of its circulating supply since the same period last month. Meanwhile, trueusd (TUSD) and Frax's FRAX supply lessened by 1% and a whopping 19.8%, respectively. Both USDD and USDP underwent reductions ranging from 1.2% to 10.1%. Concurrently, gemini dollar (GUSD) saw a sharp 36% drop this month, while liquity usd (LUSD) decreased by 1.4% in a month. In contrast, the freshly introduced stablecoin, FDUSD, has expanded its supply significantly. On August 3, 2023, News highlighted FDUSD's supply at 232 million, and now it's around 287 million. This indicates that in the last 15 days, FDUSD's supply surged by 23.7%, even as most of the top ten stablecoins faced significant withdrawals. Binance wallets predominantly hold FDUSD... read More

Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Tra...

    In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax's pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days.Unstable Times for Stablecoins: Major Players Hit with Sweeping Redemptions Resembling the descending rhythm of a limbo contest, the stablecoin market keeps spiraling lower. In the timeframe between July 12, 2023 and August 6, 2023, a substantial wealth evacuated the stablecoin market. News chronicled the situation in the stablecoin economy on July 12, noting that the ten days prior had seen an exodus of $890 million. The ensuing 25-day period was marred by continued redemptions, resulting in $1.53 billion being redeemed and vanishing altogether. Six of the top ten stablecoins by market valuation endured supply losses over the last 30 days. Defying the trend, tether (USDT) emerged as one stablecoin that successfully resisted massive redemptions, maintaining a circulating supply of 83.90 billion USDT on August 6, and even witnessing a 30-day supply uptick of approximately 0.3%. Conversely, the second-largest stablecoin, usd coin (USDC), parted with 5.6% of its supply over the previous month, while DAI's supply retreated by 5.9%. BUSD was plagued by sweeping redemptions, erasing 16% of its supply in the last month, and true usd's (TUSD) supply contracted by 1.6%. Frax dollar (FRAX) experienced a c... read More

Stablecoin Market Records $2.4B in Redemptions in 30 Days as Leading Tok...

    According to statistics, over the span of 30 days, from May 15 to June 15, 2022, more than 2.4 billion stablecoins were redeemed. During this period, three of the leading stablecoins experienced a decline in their supplies ranging from 4% to 19% compared to the previous month.Stablecoin Economy Slips Lower In the realm of stablecoin projects, the diminishing supplies of various tokens have become an ongoing trend, and the past month witnessed notable redemptions for USDC, BUSD, and DAI. The second largest stablecoin, USDC, experienced a 5.7% reduction in its supply, while BUSD saw approximately 19% of its tokens redeemed. Similarly, Makerdao's DAI stablecoin witnessed a 4% decline since May 15, 2023. However, amidst these fluctuations, two stablecoins stood out by showcasing increases in their supplies over the last 30 days - tether (USDT) and true usd (TUSD). Within the span of 30 days, USDT witnessed a 0.9% growth in its supply, reaching an all-time high market valuation of $83.614 billion. In a similar vein, TUSD witnessed a 0.3% rise in its supply, propelling its market capitalization to $2.04 billion as of June 15. On the other hand, pax dollar (USDP) recorded a 4.8% decrease over the past month, while FRAX managed to inch up 0.2% within the same timeframe. Tron's USDD saw a reduction of 1%, whereas Gemini's GUSD suffered a 1.9% decline. Additionally, liquity usd (LUSD) underwent a reduction of approximately 1.9% over the course of the last 30 days. Redemptions ranging ... read More

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Sinc...

    While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3% during that time.Four of the Top Five Stablecoins Experience Net Redemptions in the Past 30 Days On March 31, 2023, the top stablecoins by market capitalization represented $133.63 billion in value, and now the valuation is down to $131.21 billion. A total of $2.4 billion worth of stablecoins has been withdrawn from the stablecoin economy since then. Data reveals that over the past 30 days, USDC, BUSD, DAI, and TUSD have all seen redemptions. Usd coin's (USDC) circulating supply dropped 10.2% compared to last month, and binance usd (BUSD) fell by 20.6%. Of the top five largest stablecoins, both USDC and BUSD experienced the most redemptions. Further, DAI's circulating supply slipped 9% lower in 30 days and TUSD's supply decreased by 0.7%. Tether (USDT), however, grew 2.3% since last month, reaching a market capitalization worth $81.39 billion. Tether's market valuation accounts for 61.65% of the entire stablecoin economy's $131.21 billion value. While tether's supply grew by 2.3%, pax dollar (USDP) rose by 33.9% since last month. USDP now has a market valuation of approximately $1,037,832,268. Both frax dollar and Tron's USDD experienced losses during the past 30 days; frax dolla... read More

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others R...

    According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. Meanwhile, from March 14 to March 26, the number of tether stablecoins in circulation increased by 6.12 billion.Stablecoin Circulation Changes In recent weeks, the supplies of some stablecoins have decreased while others have increased. Today's top ten stablecoins include USDT, USDC, BUSD, DAI, TUSD, FRAX, USDP, USDD, GUSD, and LUSD. According to statistics for the last month, USDC, BUSD, and GUSD experienced double-digit reductions in supply. The other top ten stablecoin assets recorded supply increases, with TUSD's supply doubling or rising 112.3% higher than it was 30 days ago. Among other stablecoin assets, liquity usd (LUSD) rose 16.2% and tether (USDT) increased by 12.7% over the last month. LUSD now has a market valuation of around $267.70 million, USDT's market capitalization has risen to $79.70 billion, and TUSD's market valuation has grown to $2.05 billion. On the other hand, USDC's number of coins in circulation has dropped by 6.12 billion since March 11. Statistics for the last 30 days indicate that USDC lost 19.5% of its supply compared to last month. BUSD and GUSD experienced the largest reductions, with GUSD losing 31.6% of its sup... read More

USDC Stablecoin Nears Parity With USD After Fed's Bailout Announcement

    The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California's Silicon Valley Bank (SVB) and New York's Signature Bank. Following the Fed announcement, Circle CEO Jeremy Allaire said on Twitter that the company would rely on BNY Mellon to settle the process of minting and redemption.Signature Bank Closure Forces Circle to Rely on BNY Mellon for USDC Minting and Redemption Settlements At 8:45 p.m. Eastern Time on Sunday, March 12, 2023, the stablecoin usd coin (USDC) is trading at $0.998 per unit after jumping above the $0.99 range at around 7:20 p.m. Three minutes after the stablecoin returned to the $0.99 region, Circle CEO Jeremy Allaire tweeted that USDC operations would resume on Monday. The announcement follows the U.S. Federal Reserve's disclosure that it established a backstop entity called the Bank Term Funding Program (BTFP) to assist banks facing liquidity challenges. The central bank of the United States also stated that all depositors of Silicon Valley Bank (SVB) and Signature Bank would be fully compensated. This means Circle Financial won't lose funds because the bailout will make depositors whole, but Circle does lose a banking partner with Signature being shut down by New York regulators. 'We were heartened to see the U.S. government and financial reg... read More

Binance Listing Triggers Over 100% Surge in Liquity token

    Liquity protocol’s native token - LQTY - shot up by 108.36% after a listing announcement by crypto giant, Binance. The decentralized borrowing protocol essentially enables users to draw 0% interest loans against Ether used as collateral. LUSD, which is a USD-pegged stablecoin, is used to pay out loans and needs to maintain a minimum collateral ratio of only 110%. Binance announced listing LQTY in the Innovation Zone with two trading pairs - LQTY/BTC, and LQTY/USDT. The trading will commence on February 28th. Withdrawals, on the other hand, will open on March 1st. Additionally, LQTY is also being added as a borrowable asset in the isolated margin account. The Innovation Zone is essentially a dedicated trading zone that enables users to trade new tokens that are likely to have higher volatility and can potentially pose a risk greater than other tokens. Following the listing, LQTY surged by well over 30%. According to the latest stats in DefiLlama, the total value locked (TVL) in the protocol stands above $600 million. While this is a substantial reduction from its peak of $4.52 billion during the bull run in 2021, the TVL figure is still up by 50% since the beginning of this year. The post Binance Listing Triggers Over 100% Surge in Liquity token appeared first on CryptoPotato. read More

Stablecoin Economy Sheds Another $3 Billion in 44 Days

    The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether's market valuation has risen by 2% over the last 30 days, usd coin's market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month and gemini dollar's market capitalization slid by 1.5%.$3 Billion in Dollar-Pegged Tokens Erased in 44 Days as Stablecoin Swaps Represent Nearly 80% of Global Crypto Trade Volume The overall value of the top stablecoins by market capitalization has shed roughly $3 billion during the last 44 days or since Dec. 15, 2022. At that time, the stablecoin economy was worth $141.07 billion. On that day, stablecoin swaps represented $44.55 billion of the $53.91 billion in global trade volume. After losing more than $3 billion, the stablecoin economy is valued at $138.07 billion, and stablecoin trades equate to $46.33 billion of the $58.76 billion in global trades on Jan. 28, 2023. Out of the top ten stablecoin assets, three market capitalizations have lost value during the last 30 days. Statistics show that usd coin (USDC) has shed 2.9% in the past month, and BUSD lost the most with a 7.2% reduction in 30 days. The Binance-affiliated and Paxos-managed dollar-pegged token BUSD has seen a significant number of redemptions over the last few months. At the time of writing, BUSD's overall market cap in U.S. dollar value is $15.8 billion. USDC's market capitalization on Saturday... read More

Aave Freezes Multiple Lending Markets Citing Volatility Concerns

    The decentralized lending protocol AAVE has temporarily disabled its lending markets for multiple Ethereum-based tokens facing excess volatility and low liquidity. The 17 frozen assets include various defi tokens that are competitors to AAVE, such as Compound (COMP) and Curve Finance (CRV). On Sunday, Aave passed a near-unanimous governance vote to disable the markets, with only two votes against, and over 500,000 in favor.  In total, Aave’s frozen market list included the following: YFI, CRV, ZRX, MANA, 1inch, BAT, sUSD, ENJ, GUSD, AMPL, RAI, USDP, LUSD, xSUSHI, DPI, renFIL, and MKR.  Among those, 5 are dollar-pegged stablecoins, including sUSD, Pax Dollar (USDP), Liquidity USD (LUSD), Gemini Dollar (GUSD) and RAI. The motion was proposed to mitigate risk “given that the market situation of these assets is currently volatile.” Earlier this month, Aave faced a $60 million short attack on its CRV pool using USDC as collateral.  The attacker happened to be Avraham Eisenberg, the same person who exploited Mango Markets for $117 million in October, and who defended his actions as ethical in an uncensored interview.  Eisenberg ultimately failed in this attempt and lost $10 million in the process. Nevertheless, the financial modeling platform Gauntlet called for freezing certain Aave markets in the aftermath as a precaution.  “The Aave ecosystem was built with a number of mechanisms that the Aave community can deploy to cover event... read More

New Study Reveals Best Stablecoin, Why DAI Took The Crown

    Decentralized stablecoin DAI, native to Maker protocol, might become a major leader in the sector over the coming years. The digital asset was the most stable of the stablecoin in a period of 9 months, according to research published by Best Brokers. A stablecoin is a digital asset whose value is pegged to the U.S. dollar in a 1:1 parity. The concept is controversial in the crypto industry, as some of the most popular and valuable stablecoins have de-pegged and become unstable at some point except for those tokens considered “too centralized” by the community. Users have been looking for a decentralized stablecoin for years, and with the failed Terra ecosystem, DAI might take this place and take over market share from the largest stablecoins, Tether (USDT) and USD Coin (USDC). ETH's price moving sideways on the 4-hour chart. Source: ETHUSDT Tradingview DAI More Stable Than Any Other Stablecoin The study used data from Dune Analytics and explore popular stablecoins BUSD, DAI, FRAX, LUSD, USDC, and USDT. The research concluded that FRAX saw the least price deviation over the past 9 months. The digital asset was stable at 99.75% of these periods, followed by DAI at 95.73%, and USDC at 99.72%. LUSD was the most unstable with a 0.5% deviation from its $1 peg at 53% of the 9-month period. Of the stablecoins in the study, DAI, BUSD, and USDC have never deviated below $0.995 to the downside and $1.005 to the upside. As seen in the chart below, Tether (USDT) was the large... read More

Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Trea...

    On May 13, Circle's chief financial officer Jeremy Fox-Geen published a blog post called 'How to Be Stable,' following the aftermath of Terra's stablecoin implosion. Circle's CFO explained that since usd coin's inception, the stablecoin aims to be 'the most transparent and trusted dollar digital currency.'Terra's Stablecoin De-Pegging Incident Has Cast a Spotlight on the Entire Stablecoin Economy For a few years now, stablecoin assets have been a popular hedging vehicle among many participants within the cryptocurrency community. In more recent times, stablecoins are being loaned out in great numbers in order to gather interest and high yield returns. In the early days, stablecoins were centralized projects and these days there are a few decentralized and algorithmic stablecoin tokens among the giants. Tether (USDT) and usd coin (USDC) are the two largest stablecoin projects in terms of market valuation. Both of them are centralized, which means the company guarantees the stablecoins are redeemable for the $1 parity by holding reserves that cover the funds in circulation. Even before Terra's stablecoin de-pegging event, more confidence has been placed in the top two stablecoins because they are centralized.   Three days ago, News reported on the stablecoin shuffle after the recent editorial our newsdesk published, showing that for the first time in history, three stablecoins entered the crypto top ten. That is still the case today, except that terrausd (UST)... read More

Why Hubble Protocol Is The Hottest IDO On The Market This January

    Decentralized finance (DeFi) on Solana has been growing at a massive rate. One project to look out for, Hubble Protocol, will be making a huge addition to the DeFi offerings on Solana when it launches a stablecoin borrowing platform (being called “the MakerDAO of Solana”) on Mainnet Beta this January 28th, 2022. Before the launch of Hubble’s stablecoin, USDH, the protocol will hold three separate HBB token launches on three different launchpads: SolRazr (link), Solanium (link), and DAO Maker (link). There are a ton of reasons why Hubble’s IDO will be the hottest IDO in January–one that shouldn’t be missed. Here’s why anyone serious about DeFi should mark their calendars and think about getting their hands on some HBB. Users Can Earn Hubble Protocol’s Fees By Staking $HBB Hubble is a fee-sharing DeFi protocol. This means that it collects fees for its services and distributes the majority of this revenue to the Hubble community. The method for receiving a share of Hubble’s revenue is straightforward: stake HBB, and the protocol’s smart contract automatically divides the collected fees among users. Right now, 85% of all revenue from minting USDH (a one-time 0.5% fee) will go to users who stake HBB. As Hubble increases, the number of services it offers, the amount of fees collected by the protocol will increase, and users who stake HBB will benefit from this as well. When the protocol goes live on January 28th, it will b... read More

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