Details about Aave BUSD cryptocurrency
Aave BUSD
ABUSD
Unknown for now
€0
298,006
1
Unknown
https://aave.com/atokens
@aaveaave
4248520x
€3961860
Aave BUSD price charts
ABUSD exchanges
Aave BUSD, the crypto
Aave BUSD (ABUSD) is a cryptocurrency which is a tokenized version of the BUSD stablecoin, pegged to the US dollar, and integrated with the Aave protocol. This means that ABUSD holders can lend, borrow, and earn interest on this cryptocurrency on the Aave platform.
The point
The main point of Aave BUSD (ABUSD) is to provide a stable cryptocurrency that can benefit from the features of the Aave protocol. This creates various opportunities for users to lend, borrow, and earn yields on the ABUSD on a decentralized platform, with very low fees and without having to worry about volatility.
The problem
The problem that Aave BUSD (ABUSD) tries to solve is the volatility of cryptocurrencies, which is a significant barrier for more traditional investors or users. By having a stablecoin like BUSD, integrated with the Aave protocol, this allows more users to benefit and participate in decentralized finance (DeFi) opportunities on a safer and more secure platform.
Compare ABUSD and BTC performance
| Timeframe | ABUSD | BTC |
|---|---|---|
| 1h change | -0.49251 % | -0.234911 % |
| 24h change | -0.35 % | 1.25967 % |
| 7 day change | -0.89 % | -1.44157 % |
| 14 day change | -1.14 % | -9.47799 % |
| 30 day change | 0.78 % | -7.33786 % |
| 200 day change | -1.64 % | 129.168 % |
| Year change | 1.76 % | 129.33 % |