About USDP Stablecoin
USDP Stablecoin (USDP) is a cryptocurrency and operates on the Ethereum platform. USDP Stablecoin has a current supply of 106,388,841 with 0 in circulation. The last known price of USDP Stablecoin is 0.99972109 USD and is down -0.02 over the last 24 hours. It is currently trading on 50 active market(s) with $801,921.85 traded over the last 24 hours. More information can be found at
Trading Insights
Searched
5
Market Stats
Market Cap
Not enough data
FDV
£79.30M
Circ. Supply
Not enough data
Max Supply
106M USDP
Total Supply
106M USDP
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
£657.03K
22.44%
Volume (7D)
£3.32M
Volume (30D)
£14.22M
All time high
£0.96
Price Change (1Y)
-0.04%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of USDP Stablecoin has increased by 0.01% in the last hour and decreased by 0.00% in the past 24 hours. USDP Stablecoin’s price has also fallen by 0.06% in the past week. The current price is £0.75 per USDP with a 24-hour trading volume of £657.03K. Currently, USDP Stablecoin is valued at 22.23% below its all time high of £0.96. This all-time high was the highest price paid for USDP Stablecoin since its launch.
The current circulating supply of USDP Stablecoin is 0 USDP which means that USDP Stablecoin has as total market cap of £0.00.
Market details
USDP vs markets
↘ 38.69%
USDP vs BTC
↘ 46.11%
USDP vs ETH
↘ 0.14%
Tags
defi
stablecoin
yield-farming
usd-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1456688345527bE1f37E9e627DA0837D6f08C925 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.75 | 0.00% |
1 Day | £0.75 | 0.00% |
1 Week | £0.74 | ↘ 0.06% |
1 Month | £0.74 | ↘ 0.05% |
1 Year | £0.77 | ↘ 0.04% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
USDP describes itself as an unbiased and decentralized stablecoin whose value is soft-pegged to the traditional currency of USD. A soft peg is a method to keep the value of a currency within a specified range against a reserve currency by utilizing an exchange rate policy. According to its whitepaper, USDP is fully collateralized by third-party crypto assets stored in the Unit Protocol. The Unit Protocol allows users to borrow liquidity in the form of USDP stablecoin by using a wide range of tokens as collateral. The Unit Protocol system generates all circulating USDP, allowing users to mint the stablecoin. In exchange for borrowing the USDP stable, the user can lock any amount of the asset that the protocol accepts as collateral. As a result, the user seeks to obtain some liquidity to use that as a source of additional income without trading their asset.
Further, debt repayment and collateral withdrawal are possible at any time after a debt position is opened. When loans are repaid, the USDP is destroyed. USDP strives to maintain a value of USD 1.00. One can easily redeem or exchange USDP stables. Moreover, in case of high volatility in the market, USDP allows users to store its value and functions as a peer-to-peer transactional medium for merchants. As a result, USDP offers a great deal of flexibility and utility.
Currently, the USDP token is running on Ethereum, Binance Smart Chain, and Fantom, a fast, open-source smart contract platform for digital assets and Dapps. Furthermore, the USDP stablecoin is applicable wherever digital currency is accepted. It can be stored in cryptocurrency wallets or used to pay for goods and services on DeFi platforms. Because USDP is a stable medium of exchange, users can save, borrow, lend, and cover business expenses. Users can also purchase other tokens and exchange their USDP for traditional currency without having to pay any middlemen. In addition, there are various benefits attached with USDP token such as:
We update our USDP Stablecoin to GBP currency in real-time. Get the live price of USDP Stablecoin on Coinbase.
The current market cap of USDP Stablecoin is £0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of USDP Stablecoin is £0.96. This all-time high is highest price paid for USDP Stablecoin since it was launched.
Over the last 24 hours, the trading volume of USDP Stablecoin is £657.03K.
Assets that have a similar market cap to USDP Stablecoin include Silo Finance, Lester, Resistance Dog, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of USDP Stablecoin is 0.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.