About SCUSD and DAI
Rings scUSD is climbing, while Dai is falling this week. The current SCUSD to DAI conversion rate is 0.9995. Inversely, this means that if you convert 1 DAI you will get 1.00 SCUSD. The conversion rate of SCUSD/DAI has increased by 0% in the last hour (DAI/SCUSD decreased by 0%). In the last 24 hours, SCUSD/DAI grew by 0.01%, while DAI/SCUSD shrunk by 0.01%.
The exchange rate of Rings scUSD is decreasing. The current value of 1 SCUSD is 0.9995 DAI. In other words, to buy 5 Rings scUSD, it would cost you 4.9976 DAI. Inversely, 1 DAI would allow you to trade for 1.00 SCUSD while 50 DAI would convert to 50.02 SCUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.64%. Meanwhile, in the last 24 hours, the rate has changed by 0.09%, and that the highest exchange rate of 1 SCUSD to DAI was 1.02 DAI and the lowest 24 hour value was 1 SCUSD for 0.9949 DAI. Last month, 1 SCUSD was worth 0.9949 DAI. Today, it's up 0.46%. Looking back a year, Rings scUSD has changed by 0.9971 DAI. That means that in a single year, the value of Rings scUSD has grown by 0.24%.
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 2:33 am
0.5 SCUSD = 0.4998 DAI |
1 SCUSD = 0.9995 DAI |
5 SCUSD = 5.00 DAI |
10 SCUSD = 10.00 DAI |
50 SCUSD = 49.98 DAI |
100 SCUSD = 99.95 DAI |
500 SCUSD = 499.76 DAI |
1,000 SCUSD = 999.51 DAI |
DAI to SCUSD values from Today at 2:33 am
0.5 DAI = 0.5002 SCUSD |
1 DAI = 1.00 SCUSD |
5 DAI = 5.00 SCUSD |
10 DAI = 10.00 SCUSD |
50 DAI = 50.02 SCUSD |
100 DAI = 100.05 SCUSD |
500 DAI = 500.24 SCUSD |
1,000 DAI = 1,000.49 SCUSD |
SCUSD to DAI over time
SCUSD | Today | 24H -0.09% | 1M 0.46% | 1Y 0.24% |
|---|---|---|---|---|
0.5 SCUSD | 0.4998 DAI | 0.5002 DAI | 0.4975 DAI | 0.4985 DAI |
1 SCUSD | 0.9995 DAI | 1.00 DAI | 0.9949 DAI | 0.9971 DAI |
5 SCUSD | 5.00 DAI | 5.00 DAI | 4.97 DAI | 4.99 DAI |
10 SCUSD | 10.00 DAI | 10.00 DAI | 9.95 DAI | 9.97 DAI |
50 SCUSD | 49.98 DAI | 50.02 DAI | 49.75 DAI | 49.85 DAI |
100 SCUSD | 99.95 DAI | 100.04 DAI | 99.49 DAI | 99.71 DAI |
500 SCUSD | 499.76 DAI | 500.19 DAI | 497.45 DAI | 498.54 DAI |
1,000 SCUSD | 999.51 DAI | 1,000.38 DAI | 994.91 DAI | 997.09 DAI |
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