Stably USD (CURRENCY:USDS) traded 18% higher against the U.S. dollar during the one day period ending at 0:00 AM Eastern on May 22nd. Over the last week, Stably USD has traded 1.9% higher against the U.S. dollar. Stably USD has a market capitalization of $669,435.28 and $1,722.00 worth of Stably USD was traded on exchanges in the last 24 hours. One Stably USD coin can now be bought for approximately $1.13 or 0.00003027 BTC on major exchanges.
Here is how related cryptocurrencies have performed over the last 24 hours:
- Chainlink (LINK) traded down 4.8% against the dollar and now trades at $23.63 or 0.00063220 BTC.
- Binance USD (BUSD) traded 0% higher against the dollar and now trades at $1.00 or 0.00002676 BTC.
- Polygon (MATIC) traded down 22.2% against the dollar and now trades at $1.16 or 0.00003110 BTC.
- THETA (THETA) traded 12.5% higher against the dollar and now trades at $6.92 or 0.00018517 BTC.
- DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
- Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00002678 BTC.
- Aave (AAVE) traded 1.9% lower against the dollar and now trades at $341.30 or 0.00913144 BTC.
- FTX Token (FTT) traded down 6.6% against the dollar and now trades at $32.84 or 0.00087861 BTC.
- Crypto.com Coin (CRO) traded down 2.9% against the dollar and now trades at $0.12 or 0.00000311 BTC.
Stably USD Profile
Stably USD (CRYPTO:USDS) is a coin. Its genesis date was August 15th, 2018. Stably USD’s total supply is 90,000,559,410 coins and its circulating supply is 591,778 coins. The official website for Stably USD is www.stably.io. Stably USD’s official Twitter account is @StablyCoin. The official message board for Stably USD is medium.com/stably-blog.
According to CryptoCompare, “StableUSD (USDS) is a fiat-collateralized stablecoin created by Stably. Each StableUSD token is legally backed and redeemable for a US Dollar held in escrow accounts managed by Stably's regulated trustees, such as Prime Trust. To provide a complete and up-to-date level of transparency, Stably provides a view of its reserve balance in real-time via a live feed from the API of its reserve holders. Independent third-party Cohen & Co. also provides regular attestations on the StableUSD reserve balance. By making StableUSD redeemable and pegged 1-to-1 with US dollars, it virtually eliminates volatility while still retaining many useful characteristics of a cryptocurrency – including fast transaction speed, anonymity, and immutability. “
Buying and Selling Stably USD
It is usually not presently possible to purchase alternative cryptocurrencies such as Stably USD directly using US dollars. Investors seeking to acquire Stably USD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Stably USD using one of the aforementioned exchanges.