|24h High||24h Low||All-Time High||ATH Date||All-Time Low|
|Genesis Date||19th September 2021|
|Max Coin Supply||86,158,389|
USDP Stablecoin (usdp) is a digital asset ranked as #339 in BitCourier Cryptocurrency List with market capitalisation of £62.49 M. Pound Sterling. In the last 24 hours USDP Stablecoin's trading volume exceeded £0.59 M.
Current price - £0.7263 GBP. Exchange rate usdp to USD is $1.00 for one coin.
During the last calendar year USDP Stablecoin price was volatile and had both periods of growth and decline. In particular in the last 7 days the price changed by 4.09%. (usdp)'s peak price (All-time high) was £1.06 per coin, this point was reached on 28th November 2020 . From that moment till today USDP Stablecoin has lost -31.42% in value.
Ratings by crypto community, developers and liquidity are 0.000, 39.085, 3.682.
USDP Stablecoin is a fully backed cryptocurrency and is minted on the Unit Protocol by staking other tokens as collateral. The Unit Protocol is a decentralized protocol that allows users to borrow liquidity for assets that are difficult to sell in the crypto markets. The protocol benefits from stability fees after users repay liquidation fees and borrowed USDP if Collateralized Debt Positions (CDPs) are liquidated. This happens when the debt/collateral ratio exceeds the liquidation ratio (LR). This process is closely monitored by liquation bots and normally initiate the process when set conditions are met. This is followed by a Dutch auction for the specific collateral but this time with a linear decrease in price. All users are able to buyout part of the collateral by paying the USDP debt for the liquidated CDP at the current price. The Unit Protocol is powered by the DUCK token. It allows users to participate in governance matters as well as Unit Protocol decision making system.