Liquity USD (LUSD)
Rank #531
Market snapshot
- Price
- $1.01
- Market cap
- $26.9M
- 24h volume
- $90,067.03
- Circulating supply
- 26,710,998.9191
- Total supply
- 26,710,998.9191
- Max supply
- N/A
What is Liquity USD?
Liquity USD (LUSD) serves as a stablecoin designed to maintain a value pegged to the US dollar. It operates within the decentralized finance (DeFi) ecosystem, allowing users to engage in transactions with a stable asset that mitigates the volatility typically associated with cryptocurrencies.
Key information
- Symbol
- LUSD
- CMC rank
- #531
- Network / platforms
Ethereum
- Categories
- N/A
- Date added
- May 4, 2021
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0x5f98805A4E8be255a32880FDeC7F6728C6568bA0
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Liquity USD (LUSD)?
- Liquity USD (LUSD) is a stablecoin designed to maintain a value pegged to the US dollar, operating within the decentralized finance (DeFi) ecosystem.
- What are the risks associated with Liquity USD?
- Risks include price volatility, the need for secure private key management, and potential custody risks when using centralized platforms.
- How can I verify Liquity USD before transferring?
- Verify the asset name, network, and contract details before transferring. Ensure the destination address and network are correct.
- Where can I find official resources for Liquity USD?
- Official resources for Liquity USD can be found on their website at https://www.liquity.org/ and on blockchain explorers like Etherscan.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
