About SCUSD and DAI
Rings scUSD is falling, while Dai is climbing this week. The current SCUSD to DAI conversion rate is 1.00. Inversely, this means that if you convert 1 DAI you will get 0.9999 SCUSD. The conversion rate of SCUSD/DAI has decreased by 0.01% in the last hour (DAI/SCUSD increased by 0.01%). In the last 24 hours, SCUSD/DAI shrunk by 0.04%, while DAI/SCUSD grew by the same amount.
The exchange rate of Rings scUSD is decreasing. The current value of 1 SCUSD is 1.00 DAI. In other words, to buy 5 Rings scUSD, it would cost you 5.00 DAI. Inversely, 1 DAI would allow you to trade for 0.9999 SCUSD while 50 DAI would convert to 50.00 SCUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.02%. Meanwhile, in the last 24 hours, the rate has changed by 0.05%, which means that the highest exchange rate of 1 SCUSD to DAI was 1.00 DAI and the lowest 24 hour value was 1 SCUSD for 0.9985 DAI. Last month, 1 SCUSD was worth 0.9999 DAI. Today, it's up 0.02%. Looking back a year, Rings scUSD has changed by 0.9987 DAI. That means that in a single year, the value of Rings scUSD has grown by 0.14%.
Rings scUSD Market Stats
Rings is the meta-stable protocol of Sonic chain. It is the main bridge for Ethereum Mainnet stablecoins and ETH derivatives token holders to start earning yield on Sonic. Bridge ETH & Stablecoin from Mainnet to Sonic, Mint scETH and scUSD, stake it for stkETH and stkUSD to make it yield bearing, or lock it for veETH and veUSD to access governance power. When minting scUSD and scETH, users deposit their initial into Veda Vaults which then reallocate the backing toward yield bearing strategies. The yield generated is then redistributed across eligible Sonic dApps and the distribution is controlled by the veUSD gauge tokenomic.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
SCUSD to DAI values from Today at 9:42 pm
0.5 SCUSD = 0.50 DAI |
1 SCUSD = 1.00 DAI |
5 SCUSD = 5.00 DAI |
10 SCUSD = 10.00 DAI |
50 SCUSD = 50.00 DAI |
100 SCUSD = 100.01 DAI |
500 SCUSD = 500.04 DAI |
1,000 SCUSD = 1,000.09 DAI |
DAI to SCUSD values from Today at 9:40 pm
0.5 DAI = 0.50 SCUSD |
1 DAI = 0.9999 SCUSD |
5 DAI = 5.00 SCUSD |
10 DAI = 10.00 SCUSD |
50 DAI = 50.00 SCUSD |
100 DAI = 99.99 SCUSD |
500 DAI = 499.96 SCUSD |
1,000 DAI = 999.91 SCUSD |
SCUSD to DAI over time
SCUSD | Today | 24H -0.05% | 1M 0.02% | 1Y 0.14% |
|---|---|---|---|---|
0.5 SCUSD | 0.50 DAI | 0.5003 DAI | 0.50 DAI | 0.4993 DAI |
1 SCUSD | 1.00 DAI | 1.00 DAI | 0.9999 DAI | 0.9987 DAI |
5 SCUSD | 5.00 DAI | 5.00 DAI | 5.00 DAI | 4.99 DAI |
10 SCUSD | 10.00 DAI | 10.01 DAI | 10.00 DAI | 9.99 DAI |
50 SCUSD | 50.00 DAI | 50.03 DAI | 50.00 DAI | 49.93 DAI |
100 SCUSD | 100.01 DAI | 100.06 DAI | 99.99 DAI | 99.87 DAI |
500 SCUSD | 500.04 DAI | 500.28 DAI | 499.97 DAI | 499.33 DAI |
1,000 SCUSD | 1,000.09 DAI | 1,000.56 DAI | 999.94 DAI | 998.65 DAI |
Frequently asked questions
Right now, 1 Rings scUSD is worth about $0.9996.
Based on the current rate, you could get 1.00 SCUSD for 1 USD.
Rings scUSD price has been declining. Since yesterday, the exchange rate of Rings scUSD has decreased. Since last month, the exchange rate of Rings scUSD has increased. Since this time last year, the price of Rings scUSD has increased.
You can use our SCUSD to USD calculator at the top of this page to convert any amount of SCUSD to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5.00 SCUSD. Inversely, 5 SCUSD will cost about $5.00
Rings scUSD can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Rings scUSD.
There are a number of crypto assets that have the a similar or comparable market cap to Rings scUSD, including BytomDAO, Fusion, and Pepelon. For a more robust list of assets to explore, jump to the asset page dedicated to Rings scUSD.
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