Aave SUSD (ASUSD)
Details about Aave SUSD cryptocurrency
Aave SUSD
ASUSD
Unknown for now
€0
1,991,478
1
Unknown
https://aave.com/atokens
@aaveaave
699233x
€647973
Aave SUSD price charts
ASUSD exchanges
Aave SUSD, the crypto
Aave SUSD (ASUSD) is a cryptocurrency that is the symbol of the Aave platform. It is a stablecoin, which aims to maintain a 1:1 ratio with the US dollar. This means that for every ASUSD that exists, there should be one US dollar held in reserve.
The point
The main point of Aave SUSD (ASUSD) is to provide a stable and reliable cryptocurrency that can be used in decentralized financial (DeFi) transactions. It seeks to minimize the volatility that can be experienced with other cryptocurrencies which can fluctuate wildly in value.
The problem
The problem that Aave SUSD (ASUSD) tries to solve is the volatility that's inherent in other cryptocurrencies. By creating a stablecoin that maintains a 1:1 ratio with the US dollar, it reduces the risk that investors and traders face when using cryptocurrencies for transactions. It allows them to do so with confidence that the value of their investment will remain relatively stable.
Compare ASUSD and BTC performance
Timeframe | ASUSD | BTC |
---|---|---|
1h change | -0.538849 % | 0.0803122 % |
24h change | -0.06 % | 2.73864 % |
7 day change | 0.86 % | 8.9486 % |
14 day change | 0.47 % | 1.0014 % |
30 day change | -0.24 % | 25.4427 % |
200 day change | -1.26 % | 172.675 % |
Year change | 0.06 % | 160.362 % |