About XUSD Stable
XUSD Stable (XUSD) is a cryptocurrency launched in 2021and operates on the Ethereum platform. XUSD Stable has a current supply of 0. The last known price of XUSD Stable is 0.27934375 USD and is up -0.00 over the last 24 hours. It is currently trading on 3 active market(s) with $0.00 traded over the last 24 hours. More information can be found at
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Market Stats
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Additional info about XUSD Stable
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1c9BA9144505aaBa12f4b126Fda9807150b88f80 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
The XUSD protocol is a partially-collateralized and partially-algorithmic cryptocurrency stablecoin. XUSD is completely on-chain, open-source, and permissionless protocol, currently implemented on the Ethereum network (although cross-chain implementations are possible in the future). As an alternative to fixed-supply digital assets like Bitcoin, the XUSD protocol provides a highly scalable, decentralized, algorithmic currency.
The XUSD protocol consists of two tokens: the stablecoin XUSD and the share token XUS. No matter what collateral ratio they are minted at, all XUSD tokens are entitled to the same proportion of collateral and are fungible with one another. In the system, XUSD can always be issued and redeemed for $1. Minting refers to the creation of new blocks and recording of that information into the blockchain.
Users can burn XUS and get the excess collateral in the pool in a buyback scenario. Users can re-collateralize when the effective collateral ratio falls below the targeted ratio and receive XUS and a 0.75 percent bonus. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means, the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value. Users can earn XUS rewards when they deposit Uniswap Liquidity pool tokens to incentivized pairs, which can be achieved by adding liquidity to token pairs on Uniswap. For the first month, XUS rewards for each incentivized pair emit at a base rate of two million XUS and then it increases by three times when XUSD becomes algorithmic, although the XUS emission rate decreases by 50 percent each month.
In addition to being seamless, easy to understand, and economically sound, the XUSD redemption process is also economical. This phase is straightforward. As XUSD is minted, XUS is burned during the fractional-algorithmic phase. When XUSD is redeemed, XUS is minted.
Therefore, as long as there is a demand for XUSD, redeeming it for collateral plus XUS places an equivalent amount of USD into circulation on the other end (which burns an equivalent amount of XUS). Therefore, the XUS token's value is determined by the demand for XUSD.
We update our XUSD Stable to USD currency in real-time. Get the live price of XUSD Stable on Coinbase.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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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.