The current price of DefiDollar (DUSD) is $ 0.99463900.
DefiDollar (DUSD) is a cryptocurrency that aims to maintain a stable value closely tied to the US Dollar. It is built on the Ethereum blockchain and utilizes Decentralized Finance (DeFi) protocols to achieve its goal. The stability mechanism and value of DUSD are supported by a diversified portfolio of stablecoin reserves.
The creator or creators of DefiDollar are undisclosed. Their motivation, as implied by the name and function of the cryptocurrency, was to provide a stable, decentralized digital equivalent to the US dollar for use within the growing ecosystem of DeFi services.
Unlike many cryptocurrencies which experience rapid price fluctuations, DefiDollar aims to maintain a relatively stable value. It achieves this stability by being backed by several different stablecoins in a diversified portfolio. This unique approach aims to mitigate the risks associated with relying on a single stablecoin.
The market capitalization of DefiDollar is $ 1.2M, placing it at rank #1930 among all cryptocurrencies.
There are 1.2M DefiDollars (DUSD) currently in circulation. The total maximum supply is 1.2M DUSD.
Over the last 24 hours, the price of DefiDollar has increased by +0.00% with a trading volume of 29.4.
DefiDollar (DUSD) can be safely purchased on , which are reputable exchanges with high levels of security.
Keeping your DefiDollar (DUSD) secure is crucial. You should store your DUSD in a wallet that gives you control of your private keys. There are several types of wallets you can use, including software wallets which are apps that you install on your computer or mobile device, and hardware wallets which are physical devices that keep your crypto offline when not in use. Always remember to keep your wallet and private keys confidential.
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