Buy Rings scUSD with Coinbase
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About SCUSD and RED
Rings scUSD is climbing, while Redstone is falling this week. The current SCUSD to RED conversion rate is 6.02. Inversely, this means that if you convert 1 RED you will get 0.1661 SCUSD. The conversion rate of SCUSD/RED has increased by 0.59% in the last hour (RED/SCUSD decreased by 0.59%). In the last 24 hours, SCUSD/RED grew by 5.3%, while RED/SCUSD shrunk by the same amount.
The exchange rate of Rings scUSD is increasing. The current value of 1 SCUSD is 6.02 RED. In other words, to buy 5 Rings scUSD, it would cost you 30.10 RED. Inversely, 1 RED would allow you to trade for 0.1661 SCUSD while 50 RED would convert to 8.31 SCUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.88%. Meanwhile, in the last 24 hours, the rate has changed by 4.83%, which means that the highest exchange rate of 1 SCUSD to RED was 6.19 RED and the lowest 24 hour value was 1 SCUSD for 5.63 RED. Last month, 1 SCUSD was worth 8.76 RED. Today, it's down 45.6%. Looking back a year, Rings scUSD has changed by 2.00 RED. That means that in a single year, the value of Rings scUSD has grown by 66.82%.
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.
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Conversion tables
SCUSD to RED values from Today at 3:35 am
0.5 SCUSD = 3.01 RED |
1 SCUSD = 6.02 RED |
5 SCUSD = 30.10 RED |
10 SCUSD = 60.20 RED |
50 SCUSD = 301.00 RED |
100 SCUSD = 602.00 RED |
500 SCUSD = 3,010.01 RED |
1,000 SCUSD = 6,020.02 RED |
RED to SCUSD values from Today at 3:35 am
0.5 RED = 0.08306 SCUSD |
1 RED = 0.1661 SCUSD |
5 RED = 0.8306 SCUSD |
10 RED = 1.66 SCUSD |
50 RED = 8.31 SCUSD |
100 RED = 16.61 SCUSD |
500 RED = 83.06 SCUSD |
1,000 RED = 166.11 SCUSD |
SCUSD to RED over time
SCUSD | Today | 24H 4.83% | 1M -45.60% | 1Y 66.82% |
|---|---|---|---|---|
0.5 SCUSD | 3.01 RED | 2.86 RED | 4.38 RED | 0.9988 RED |
1 SCUSD | 6.02 RED | 5.73 RED | 8.76 RED | 2.00 RED |
5 SCUSD | 30.10 RED | 28.65 RED | 43.82 RED | 9.99 RED |
10 SCUSD | 60.20 RED | 57.29 RED | 87.65 RED | 19.98 RED |
50 SCUSD | 301.00 RED | 286.46 RED | 438.25 RED | 99.88 RED |
100 SCUSD | 602.00 RED | 572.92 RED | 876.50 RED | 199.76 RED |
500 SCUSD | 3,010.01 RED | 2,864.61 RED | 4,382.48 RED | 998.80 RED |
1,000 SCUSD | 6,020.02 RED | 5,729.22 RED | 8,764.97 RED | 1,997.60 RED |
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