Liquity USD (LUSD) Achieves Market Capitalization of $71.33 Million

Liquity USD (LUSD) traded 0.2% lower against the U.S. dollar during the 1 day period ending at 15:00 PM E.T. on August 21st. One Liquity USD token can currently be purchased for about $1.00 or 0.00001637 BTC on cryptocurrency exchanges. Liquity USD has a total market capitalization of $71.33 million and $93,900.29 worth of Liquity USD was traded on exchanges in the last day. Over the last week, Liquity USD has traded 0% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed over 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 2.2% against the dollar and now trades at $0.0448 or 0.00000074 BTC.

Liquity USD Token Profile

Liquity USD’s genesis date was April 4th, 2021. Liquity USD’s total supply is 71,350,462 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 Twitter account is @liquityprotocol and its Facebook page is accessible here. The official website for Liquity USD is www.liquity.org.

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 currently possible to buy alternative cryptocurrencies such as Liquity USD directly using US dollars. Investors seeking to trade Liquity USD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Liquity USD using one of the aforementioned exchanges.

LUSD/USD price chart by TradingView