USDV
USDV DelistedThis coin has been delisted
This coin has been removed from major data providers and may no longer be tradeable. The information below is historical.
This coin has been delisted
This coin has been removed from major data providers and may no longer be tradeable. The information below is historical.
USDV is an overcollateralized stablecoin running on the Fantom, BNB, Venom and Ethereum blockchain. USDV is designed to maintain a stable value against the US dollar. Since USDV is pegged to the US dollar, it means that 1 USDV is equal to ~$1.
USDV is backed by a cryptocurrency collateral, which is held in an amount greater than the amount of stablecoins issued. Hence, when users deposit accepted digital assets (wBTC, wETH or FTM) as collateral into vaults, USDV is successfully minted. This is known as "overcollateralization" and is intended to provide a buffer against price fluctuations and ensure stability in the value of stablecoin.
Moreover, USDV is decentralized and non-custodial, i.e. only users have direct access to their funds. Users will not be charged any interest for minting USDV using vaults. That said, they can hold their collateral in vaults and use minted USDV without paying any interest.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.