USD Bancor

Copy link
Share on X

usdb.peg.network

Claim company
Report company

Description

USD Bancor (USDB) is a stable cryptocurrency on the Ethereum platform, launched in 2019. It aims to maintain a stable value through reserves, mitigating volatility in the crypto market. The token's primary utility is providing a reliable currency for digital transactions. It has an exact supply of 79,316.566815 USDB, while no tokens are currently circulating. The trading activity of USDB takes place in a dedicated market through its platform at https://usdb.peg.network/. Prices have varied from highs of approximately 0.55155275 USD to lows of 0.11312234 USD, with daily trading volumes fluctuating between $2.75 and $15.31. Despite intentions of stability, USDB has shown price volatility, presenting a dynamic trading opportunity. For updated insights, users can visit the official website.

Similar companies

USDD

USDD (Decentralized USD) is a decentralized stablecoin built on Ethereum, ensuring transparent and secure USD-equivalent transactions.

HUSD

HUSD is a stablecoin pegged 1:1 to USD, designed for stability and security on Ethereum's blockchain, aimed at both individual and institutional use in trading, payments, and hedging, ensuring transparency through regular audits.

CUSD

CUSD is a stablecoin by Coin98 Finance, pegged to the USD for stable, decentralized transactions, leveraging smart contracts for fast, secure trading, and DeFi integration.

Verified USD

Verified USD (USDV) is a stablecoin on the Ethereum blockchain, ensuring secure and transparent transactions with minimal volatility, actively trading across 139 markets.

Worldwide USD

Worldwide USD (WUSD) is a stablecoin on Ethereum, offering stability for transactions and DeFi activities, with a total supply of 100 million and zero circulating supply.

USDO

First Stablecoin backed by Commercial Banks, pegged 1:1 to the US dollar.

Ethereum Reserve Dollar USDE

USDE is a stablecoin pegged to the US dollar, enabling loan repayment and enhancing DeFi functionalities within the ERD protocol.

BUSD

BUSD is a 1:1 USD-pegged stablecoin by Paxos, approved by NYDFS, offering low-cost global transactions and monthly audits for security. It serves both individuals and institutions, enhancing interoperability across blockchains.

XUSD

Fairly launched partial-collateralized stablecoin.

Global Dollar

Global Dollar (USDG) is a regulated stablecoin pegged to the US dollar and issued by Paxos Digital Singapore, offering blockchain-enhanced stability, security, and compliance.

usdx.money USDX

USDX is a synthetic USD stablecoin offering a scalable, censorship-resistant solution, providing users with global accessibility and yield opportunities within the crypto ecosystem.

USDE

EOS based stablecoin system with real-time settlements.

FAQ

What is USD Bancor (USDB) and its primary purpose?

USD Bancor (USDB) is a stablecoin built on the Ethereum platform, launched in 2019. It is designed to maintain a stable value through a unique reserve mechanism, offering a reliable digital currency option for transactions within the crypto ecosystem. This token aims to reduce volatility for users engaging in blockchain-based commerce and investments.

How does USD Bancor maintain its price stability?

USD Bancor maintains its price stability through a reserve-backed mechanism, which helps support its value despite market fluctuations. By anchoring the currency's value to these reserves, USDB aims to minimize the price variations typical of other cryptocurrencies, providing a dependable digital asset for transactions.

What are the benefits of using USD Bancor over other stablecoins?

USD Bancor offers several benefits over other stablecoins. As a reserve-backed token on the Ethereum blockchain, USDB provides a reliable and stable option for transactions, helping users mitigate volatility risks. Its active trading market also allows users to participate dynamically, making it a versatile choice for maintaining stable digital currency holdings.

Where can I trade USD Bancor (USDB) tokens?

USD Bancor (USDB) tokens can be traded via a dedicated platform accessible at https://usdb.peg.network/. While the trading activity primarily occurs in one active market, it offers a dynamic environment with fluctuating volumes, providing opportunities for traders to engage with this stablecoin.

What role does USD Bancor play in the crypto industry?

In the crypto industry, USD Bancor serves as a stablecoin that helps users manage and reduce exposure to volatility common in cryptocurrency transactions. By operating on the Ethereum platform, USDB enhances the ecosystem's stablecoin offerings, contributing stability and reliability to digital commerce and providing a trusted alternative for navigating the crypto market.

I am experiencing fluctuations in the price of USD Bancor. What should I know?

It's important to note that while USD Bancor is designed to be stable, price fluctuations can occur due to varying market conditions and trading volumes. With highs of approximately 0.55155275 USD and lows around 0.11312234 USD, these changes are part of the market dynamics. For reassurance, remember that USDB's value is supported by a reserve mechanism, aimed at protecting its overall stability.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Tags

Similar companies

USDD

HUSD