- #6355
Decentralized USD DUSD
DUSD Price
Market Cap
--Rank #6355FDV
--Rank #11466Investors
Twitter Followers
Twitter Performance
391Rank by Twitter #3671- 0
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- 4000
Detailed Performance
DUSD shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
DUSD to USD Converter
Price History
- All-Time High
- $1.152.49x to ATH
- All-Time Low
- $0.090095.13x to ATL
- Trade Launch Date
- 16 Mar, 2022
772 days ago
About DUSD
Decentralized USD refers to a concept where the trading and exchange of USD (United States Dollar) is conducted on a decentralized platform, rather than through traditional centralized financial institutions like banks or exchanges. In this context, it implies that the trading of USD is facilitated directly between individuals or token-holders, without the need for an intermediary. This decentralized approach aims to reduce risks associated with using centralized exchanges and ensures that the custody of the USD remains with the token-holders themselves.
What makes Decentralized USD unique?
Decentralized USD, or decentralized stablecoins in general, have certain unique characteristics compared to other cryptocurrencies.
One key feature is that they are pegged to a specific fiat currency, such as the US dollar. This means that the value of decentralized USD remains relatively stable and is not subject to the high volatility typically associated with other cryptocurrencies like Bitcoin or Ethereum. This stability makes decentralized USD more suitable for everyday transactions and store of value purposes.
Another unique aspect is that decentralized stablecoins are backed by collateral or reserves held in a decentralized manner. This collateral can be in the form of other cryptocurrencies or assets, providing a level of transparency and trust. This decentralized backing ensures that the value of decentralized USD is not solely dependent on the trustworthiness or solvency of a centralized entity.
Furthermore, decentralized stablecoins often operate on blockchain platforms that enable peer-to-peer transactions and smart contract functionality. This allows for programmability and automation of financial activities, such as lending, borrowing, and trading, within the decentralized finance ecosystem. It also provides transparency and immutability, as all transactions and activities are recorded on the blockchain.
Overall, decentralized USD offers stability, transparency, and decentralization, making it a unique and potentially attractive option for users looking for a cryptocurrency that closely mimics the value and functionality of traditional fiat currencies.
Live Decentralized USD Price Data
The current price of Decentralized USD (DUSD) is approximately $0.4625, reflecting a decrease of -0.95% in the last 24 hours. The DUSD trading volume in the last 24 hours stands at $168,712.00.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Decentralized USD's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on DUSD, check out our crypto insights page.
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DUSD to USD Converter
Price History
- All-Time High
- $1.152.49x to ATH
- All-Time Low
- $0.090095.13x to ATL
- Trade Launch Date
- 16 Mar, 2022
772 days ago