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Market

Market stats

Market cap

-

Volume (24h)

$1.7M

Circulating supply

-

All time high

$1.80

Price change (1h)

+0.02%

Price change (24h)

+0.03%

Price change (7d)

+0.11%

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USDP Stablecoin is on the rise this week.

The price of USDP Stablecoin has risen by 0.11% in the past 7 days. The price increased by 0.03% in the last 24 hours. In just the past hour, the price grew by 0.02%. The current price is $1.00 per USDP. USDP Stablecoin is 44.47% below the all time high of $1.80.

The current circulating supply is 0 USDP.

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About

What Is USDP StableCoin (USDP)?

USDP describes itself as an unbiased and decentralized stablecoin whose value is soft-pegged to the traditional currency of USD. A soft peg is a method to keep the value of a currency within a specified range against a reserve currency by utilizing an exchange rate policy. According to its whitepaper, USDP is fully collateralized by third-party crypto assets stored in the Unit Protocol. The Unit Protocol allows users to borrow liquidity in the form of USDP stablecoin by using a wide range of tokens as collateral. The Unit Protocol system generates all circulating USDP, allowing users to mint the stablecoin. In exchange for borrowing the USDP stable, the user can lock any amount of the asset that the protocol accepts as collateral. As a result, the user seeks to obtain some liquidity to use that as a source of additional income without trading their asset.

Further, debt repayment and collateral withdrawal are possible at any time after a debt position is opened. When loans are repaid, the USDP is destroyed. USDP strives to maintain a value of USD 1.00. One can easily redeem or exchange USDP stables. Moreover, in case of high volatility in the market, USDP allows users to store its value and functions as a peer-to-peer transactional medium for merchants. As a result, USDP offers a great deal of flexibility and utility.

Currently, the USDP token is running on EthereumBinance Smart Chain, and Fantom, a fast, open-source smart contract platform for digital assets and Dapps. Furthermore, the USDP stablecoin is applicable wherever digital currency is accepted. It can be stored in cryptocurrency wallets or used to pay for goods and services on DeFi platforms. Because USDP is a stable medium of exchange, users can save, borrow, lend, and cover business expenses. Users can also purchase other tokens and exchange their USDP for traditional currency without having to pay any middlemen. In addition, there are various benefits attached with USDP token such as:

  • Transparent and secure

  • Provides fast transfers with no chargebacks

  • Completely private

  • Provides direct custody of funds upon receipt

  • Less volatile against fluctuations on the market

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Reading List

News

Blockworks • May 28, 23

Gold and Bitcoin: The Ultimate Winners of the Fed’s End Game?

As markets teeter with uncertainty, both gold bugs and bitcoin aficionados are perking up, spurred by murmurs of a potential change in policy

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Americans Say There’s Still One Brand Worse Than FTX

The Axios Harris Poll measured the reputation of 100 top brands among Americans, and - shockingly - FTX did not secure the bottom spot.

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Decrypt • May 27, 23

Will Social Tokens Finally Click? Stealcam Is Betting on It

"Steal to reveal" platform Stealcam is rebranding and shifting gears. Can Friend.tech finally crack the social token model for creators?

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Decrypt • May 27, 23

When DAOs Self-Execute—What Could Go Wrong?

Self-executing DAO proposals are the pinnacle of autonomy for decentralized communities. Still, the feature comes with a lot of baggage.

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Blockworks • May 27, 23

Avalanche Adds Native Euro Stablecoin, AvaCloud

Avalanche is making moves to attract developers and DeFi liquidity with its latest feature rollout.

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BeInCrypto • May 27, 23

Ethereum Balance on Exchanges Shrinks as Staked ETH Hits All-Time High

The total number of Ethereum on centralized exchanges have declined while staked ETH deposits have risen to new The total number of Ethereum on centralized exchanges have declined while staked ETH deposits have risen to new

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The Defiant • May 27, 23

MakerDAO Mulls Proposal To Boost DAI Savings Rate

DSR Will Increase To 3.3% If Passed

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FAQ

What is the current price of USDP Stablecoin?

We update our USDP Stablecoin to USD currency in real-time. Get the live price of USDP Stablecoin on Coinbase.

What is the market cap of USDP Stablecoin?

The current market cap of USDP Stablecoin is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of USDP Stablecoin?

The all-time high of USDP Stablecoin is $1.80. This all-time high is highest price paid for USDP Stablecoin since it was launched.

What is the 24 hour trading volume of USDP Stablecoin?

Over the last 24 hours, the trading volume of USDP Stablecoin is $1.71M.

What other assets are similar to USDP Stablecoin?

Assets that have a similar market cap to USDP Stablecoin include Mochi Inu, Pepe AI, Arbitrage Token, and many others. To see a full list, see our comparable market cap assets.

How many USDP Stablecoin are there?

The current circulating supply of USDP Stablecoin is 0.

Can I buy USDP Stablecoin on Coinbase?

Yes, USDP Stablecoin is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy USDP Stablecoin guide.