CryptoCurrencies
16093
Exchanges
500
Total Market Cap
3,516,299,094,751
Volume 24h
240,414,800,623
Dominance
BTC 53.08%   ETH 11.68%   USDT 3.97%   XRP 3.65%

USDV
USDV

0.9961
$
0.60 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 232.90
Total Supply
269,965
USDV
$
# Exchange Pair Price Volume 24h

Description

USDV is an overcollateralized stablecoin running on the Fantom, BNB, Venom and Ethereum blockchain. USDV is designed to maintain a stable value against the US dollar. Since USDV is pegged to the US dollar, it means that 1 USDV is equal to ~$1. USDV is backed by a cryptocurrency collateral, which is held in an amount greater than the amount of stablecoins issued. Hence, when users deposit accepted digital assets (wBTC, wETH or FTM) as collateral into vaults, USDV is successfully minted. This is known as "overcollateralization" and is intended to provide a buffer against price fluctuations and ensure stability in the value of stablecoin. Moreover, USDV is decentralized and non-custodial, i.e. only users have direct access to their funds. Users will not be charged any interest for minting USDV using vaults. That said, they can hold their collateral in vaults and use minted USDV without paying any interest.