Liquity USD (LUSD) Market Capitalization Reaches $71.01 Million

Liquity USD (LUSD) traded up 1.3% against the US dollar during the 1-day period ending at 9:00 AM ET on October 28th. One Liquity USD token can now be purchased for approximately $1.02 or 0.00001474 BTC on major cryptocurrency exchanges. During the last week, Liquity USD has traded 1.7% higher against the US dollar. Liquity USD has a total market cap of $71.01 million and approximately $50,084.52 worth of Liquity USD was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 2.1% higher against the dollar and now trades at $68,884.52 or 1.00011233 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.9% higher against the dollar and now trades at $68,751.11 or 0.99817547 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Liquity USD Profile

Liquity USD’s launch date was April 4th, 2021. Liquity USD’s total supply is 69,935,366 tokens. The Reddit community for Liquity USD is https://reddit.com/r/liquity and the currency’s Github account can be viewed here. Liquity USD’s official website is www.liquity.org. Liquity USD’s official Twitter account is @liquityprotocol and its Facebook page is accessible here.

According to CryptoCompare, “Liquity is a decentralized borrowing protocol that allows users to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.
In addition to the collateral, the loans are secured by a Stability Pool containing LUSD and by fellow borrowers collectively acting as guarantors of last resort.”

Liquity USD Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Liquity USD directly using US dollars. Investors seeking to acquire Liquity USD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Liquity USD using one of the aforementioned exchanges.

LUSD/USD price chart by TradingView