Liquity USD Market Cap Reaches $70.66 Million (LUSD)

Liquity USD (LUSD) traded 0.2% higher against the US dollar during the 24-hour period ending at 16:00 PM E.T. on October 19th. Liquity USD has a market capitalization of $70.66 million and $850,926.10 worth of Liquity USD was traded on exchanges in the last day. One Liquity USD token can currently be purchased for about $1.00 or 0.00001462 BTC on major cryptocurrency exchanges. Over the last seven days, Liquity USD has traded 0.2% lower against the US dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 30.2% against the dollar and now trades at $0.0787 or 0.00000115 BTC.
• P2P Solutions foundation (P2PS) traded 0.1% lower against the dollar and now trades at $171.17 or 0.00250903 BTC.

Liquity USD Profile

Liquity USD was first traded on April 4th, 2021. Liquity USD’s total supply is 70,869,819 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 possible to purchase alternative cryptocurrencies such as Liquity USD directly using US dollars. Investors seeking to acquire Liquity USD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Liquity USD using one of the exchanges listed above.

LUSD/USD price chart by TradingView