bitUSD is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 100% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time. Since the exchange rate of BTS to USD can change, the blockchain protocol deals with increasing and decreasing supply accordingly. This allows users to trade and transfer stable priced tokens across the blockchain and to trade real world commodities like gold and silver in a decentralized manner.

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Coin’s Details

  • Market Capitalization

    2 400 687.51

  • Volume 24H

    -11.70%

  • Blockchain

  • Circulating supply

    3 114 810.00

  • Total suplly

    3 114 810.00

  • Proof type

  • Algorithm

  • Team Location

  • First announced

bitUSD (BITUSD) News