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 1.00007553 USD and is up 0.04 over the last 24 hours. It is currently trading on 50 active market(s) with $773,347.05 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
105
Market Stats
Market Cap
Not enough data
FDV
₹9.20B
Circ. Supply
Not enough data
Max Supply
106M USDP
Total Supply
106M USDP
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
₹203.62M
10.11%
Volume (7D)
₹1.43B
Volume (30D)
₹5.66B
All time high
₹111.14
Price Change (1Y)
-0.01%
Additional details
Recent trends
The latest USDP price is ₹86.48. Compared to USDP Stablecoin's value of ₹86.43 from 24 hours ago, there's been a -0% decrease, while the current price is 0% up from ₹85.45 which was recorded one week ago. USDP Stablecoin's all time high is ₹111.14, which was reached on April 16, 2024. This is a -22% change from its price today.
The fully diluted valuation of USDP Stablecoin is ₹9.20B. The diluted valuation of USDP Stablecoin is ₹9.20B.
Market details
USDP vs markets
↘ 28.82%
USDP vs BTC
↘ 38.27%
USDP vs ETH
↗ 38.73%
Tags
defi
stablecoin
yield-farming
usd-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1456688345527bE1f37E9e627DA0837D6f08C925 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹86.48 | ↘ 0.01% |
1 Day | ₹86.43 | ↘ 0.01% |
1 Week | ₹85.45 | ↗ 0.01% |
1 Month | ₹85.50 | ↗ 0.03% |
1 Year | ₹83.63 | ↘ 0.01% |
FAQ
USDP Stablecoin (USDP) is a cryptocurrency token that operates on the Ethereum platform. It is a type of digital asset that aims to maintain a stable value relative to the US dollar, hence the term "stablecoin". USDP is part of the Unit Protocol, a system that allows users to use a wide range of tokens as collateral to borrow liquidity in the form of USDP. The value of USDP strives to be stable, with the last known price being approximately 1 USD. The supply of USDP is dynamic, with the current supply standing at over 106 million tokens.
USDP Stablecoin operates within the Unit Protocol, a permissionless lending and borrowing protocol with elastic interest rates. The protocol allows users to use their ERC-20 tokens and Non-Fungible Tokens (NFTs) as collateral to borrow liquidity. This means that users can leverage their existing crypto assets to mint USDP Stablecoin. The protocol is designed to be simple and aims to provide safety for users, offering a flexible way to obtain liquidity from a large variety of crypto assets. The use of the borrowed USDP is entirely up to the user, providing a wide range of opportunities to utilize their crypto assets.
USDP Stablecoin has a variety of potential use cases. It can be used as a medium of exchange, a unit of account, or a store of value, similar to traditional fiat currencies. However, it also has unique use cases in the crypto space. For instance, it can be used to borrow more tokens, stake in projects, or convert to other assets. Furthermore, it can be used in conjunction with NFTs to generate yield or as a tool for liquidity. The Unit Protocol also offers tools for fundraising, events and ticketing, and access NFTs, providing additional services and benefits to users.
USDP Stablecoin is a product of the Unit Protocol, a decentralized borrowing protocol that allows users to mint stablecoins using a variety of crypto assets as collateral. The protocol strives to provide solutions for users to obtain liquidity from a large variety of crypto assets. The history of USDP Stablecoin is closely tied to the development and evolution of the Unit Protocol. The protocol has grown to support over 160 different tokens as collateral for minting USDP, showing its ability to accommodate a variety of tokens in the rapidly evolving crypto space.
We update our USDP Stablecoin to INR 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 ₹111.14. 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 ₹203.62M.
Assets that have a similar market cap to USDP Stablecoin include Black Phoenix, XEN Crypto, Loud, 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
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.
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