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About SCUSD and UMA
Rings scUSD is climbing, while UMA is falling this week. The current SCUSD to UMA conversion rate is 2.63. Inversely, this means that if you convert 1 UMA you will get 0.3806 SCUSD. The conversion rate of SCUSD/UMA has decreased by 1.32% in the last hour (UMA/SCUSD increased by 1.32%). In the last 24 hours, SCUSD/UMA grew by 1.57%, while UMA/SCUSD shrunk by the same amount.
The exchange rate of Rings scUSD is increasing. The current value of 1 SCUSD is 2.63 UMA. In other words, to buy 5 Rings scUSD, it would cost you 13.14 UMA. Inversely, 1 UMA would allow you to trade for 0.3806 SCUSD while 50 UMA would convert to 19.03 SCUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 11.42%. Meanwhile, in the last 24 hours, the rate has changed by 1.82%, which means that the highest exchange rate of 1 SCUSD to UMA was 2.75 UMA and the lowest 24 hour value was 1 SCUSD for 2.46 UMA. Last month, 1 SCUSD was worth 2.12 UMA. Today, it's up 19.13%. Looking back a year, Rings scUSD has changed by 0.8304 UMA. That means that in a single year, the value of Rings scUSD has grown by 68.39%.
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.
UMA Market Stats
UMA is an Ethereum token that describes itself as “an open-source protocol that allows developers to design and create their own financial contracts and synthetic assets.” The protocol’s name comes from the team’s goal of creating universal market access (UMA).
Conversion tables
SCUSD to UMA values from Today at 10:54 am
0.5 SCUSD = 1.31 UMA |
1 SCUSD = 2.63 UMA |
5 SCUSD = 13.14 UMA |
10 SCUSD = 26.27 UMA |
50 SCUSD = 131.36 UMA |
100 SCUSD = 262.72 UMA |
500 SCUSD = 1,313.62 UMA |
1,000 SCUSD = 2,627.24 UMA |
UMA to SCUSD values from Today at 10:54 am
0.5 UMA = 0.1903 SCUSD |
1 UMA = 0.3806 SCUSD |
5 UMA = 1.90 SCUSD |
10 UMA = 3.81 SCUSD |
50 UMA = 19.03 SCUSD |
100 UMA = 38.06 SCUSD |
500 UMA = 190.31 SCUSD |
1,000 UMA = 380.63 SCUSD |
SCUSD to UMA over time
SCUSD | Today | 24H 1.82% | 1M 19.13% | 1Y 68.39% |
|---|---|---|---|---|
0.5 SCUSD | 1.31 UMA | 1.29 UMA | 1.06 UMA | 0.4152 UMA |
1 SCUSD | 2.63 UMA | 2.58 UMA | 2.12 UMA | 0.8304 UMA |
5 SCUSD | 13.14 UMA | 12.90 UMA | 10.62 UMA | 4.15 UMA |
10 SCUSD | 26.27 UMA | 25.79 UMA | 21.25 UMA | 8.30 UMA |
50 SCUSD | 131.36 UMA | 128.97 UMA | 106.24 UMA | 41.52 UMA |
100 SCUSD | 262.72 UMA | 257.94 UMA | 212.47 UMA | 83.04 UMA |
500 SCUSD | 1,313.62 UMA | 1,289.69 UMA | 1,062.36 UMA | 415.20 UMA |
1,000 SCUSD | 2,627.24 UMA | 2,579.38 UMA | 2,124.72 UMA | 830.41 UMA |
Frequently asked questions
Right now, 1 Rings scUSD is worth about $0.9997.
Based on the current rate, you could get 1.00 SCUSD for 1 USD.
Rings scUSD price has been on the rise. Since yesterday, the exchange rate of Rings scUSD has increased. Since last month, the exchange rate of Rings scUSD has decreased. 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 Cardstack, Essentia, and Autonio. For a more robust list of assets to explore, jump to the asset page dedicated to Rings scUSD.
Buy Rings scUSD with Coinbase
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.