- #6569
SORA Synthetic USDÂ XSTUSD
XSTUSD Price
Market CapÂ
--Rank #6569FDVÂ
$384,282.28Rank #7323Investors
Twitter Followers
Twitter Performance
413Rank by Twitter #3383- 0
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Detailed Performance
XSTUSD shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
XSTUSD to USD Converter
Price History
- All-Time High
- $2.333.39x to ATH
- All-Time Low
- $0.116.25x to ATL
- Trade Launch Date
- 24 Mar, 2022
735 days ago
About XSTUSD
SORA Synthetic USD (XSTUSD) is an algorithmic stablecoin that is linked to the value of DAI, which is a synthetic asset backed by a variable amount of XST (SORA's native token). XSTUSD is pegged to a target index and is created through community governance on the SORA network. It serves as a stable and reliable digital asset within the SORA ecosystem, enabling users to transact and store value with stability.
What makes SORA Synthetic USD unique?
SORA Synthetic USD (XSTUSD) is unique compared to other cryptocurrencies because it is an algorithmic stablecoin linked to the value of DAI, which is a synthetic asset backed by a variable amount of XST. This means that the value of XSTUSD is pegged to a target index, created through community governance.
Additionally, SORA Synthetic USD is built on the SORA network, which is a decentralized financial ecosystem that aims to provide financial inclusion for all. The SORA network utilizes parachains and bridges to connect with other blockchains, such as Ethereum, making it interoperable and expanding its reach.
By being fully collateralized on-chain and linked to off-chain indices, SORA Synthetic USD enables a wide range of composable decentralized finance (DeFi) operations that are completely censorship resistant. This allows users to access and utilize various financial services and products within the SORA ecosystem, enhancing financial freedom and flexibility.
Overall, SORA Synthetic USD stands out by combining the stability of a pegged stablecoin with the innovative capabilities of decentralized finance, offering a unique and inclusive financial solution.
Live SORA Synthetic USD Price Data
The current price of SORA Synthetic USD (XSTUSD) is approximately $0.687, reflecting a increase of 1.34% in the last 24 hours. The XSTUSD trading volume in the last 24 hours stands at $588.46.Â
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand SORA Synthetic USD's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on XSTUSD, check out our crypto insights page.Â
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XSTUSD to USD Converter
Price History
- All-Time High
- $2.333.39x to ATH
- All-Time Low
- $0.116.25x to ATL
- Trade Launch Date
- 24 Mar, 2022
735 days ago