- #6897
AlgoStable STBL
STBL Price
Market Cap
--Rank #6897FDV
$1.04 TRank #2758Investors
Twitter Followers
Twitter Performance
352Rank by Twitter #4088- 0
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Detailed Performance
STBL shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
STBL to USD Converter
Price History
- All-Time High
- $2.352.25x to ATH
- All-Time Low
- $0.31653.30x to ATL
- Trade Launch Date
- 29 Aug, 2022
606 days ago
About STBL
AlgoStable is a stablecoin being tested on the Algofi protocol. It is always backed by $1 and is a multi-collateral backed stablecoin, meaning that any asset on the platform can be algorithmically chosen as the underlying value of the dollar. Users are able to borrow AlgoStable from the protocol, and the entire supply of AlgoStable has been permanently buried into the Algofi protocol, ensuring that any AlgoStable leaving the protocol is fully collateralized.
What makes AlgoStable unique?
AlgoStable is unique compared to other cryptocurrencies because it is a stablecoin that is specifically designed to be used within the Algofi protocol. It can be borrowed and utilized just like any other asset on the protocol. What sets AlgoStable apart is that its entire minted supply has been permanently buried into the Algofi protocol, making it fully collateralized. This means that whenever AlgoStable leaves the protocol, it is fully backed by collateral. This feature ensures stability and security for users who borrow and utilize AlgoStable within the Algofi ecosystem.
Live AlgoStable Price Data
The current price of AlgoStable (STBL) is approximately $1.04, reflecting a increase of 0.97% in the last 24 hours. The STBL trading volume in the last 24 hours stands at $600.13.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand AlgoStable's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on STBL, check out our crypto insights page.
Official Links
STBL to USD Converter
Price History
- All-Time High
- $2.352.25x to ATH
- All-Time Low
- $0.31653.30x to ATL
- Trade Launch Date
- 29 Aug, 2022
606 days ago