Details about Synthetic USD cryptocurrency
€4
1,674,114
0
Unknown
https://synthetify.io/
@synthetify
1257960x
€702658
Synthetic USD price charts
XUSD exchanges
Synthetic USD, the crypto
Synthetic USD (XUSD) is a cryptocurrency that is pegged to the value of the United States dollar (USD) through the use of smart contracts. It is a stablecoin that is designed to maintain a value of $1 USD.
The point
The main point of Synthetic USD (XUSD) is to provide a stable and secure form of currency that maintains a value of $1 USD. This stability makes it an attractive option for those who wish to hedge against the volatility of other cryptocurrencies or fiat currencies.
The problem
Synthetic USD (XUSD) tries to solve the problem of volatility in the cryptocurrency market. Many cryptocurrencies experience extreme price fluctuations, which can make them unsuitable for use as a medium of exchange or a store of value. By creating a stablecoin that is pegged to the USD, Synthetic USD (XUSD) provides users with a reliable and predictable currency that can be used for everyday transactions.
Compare XUSD and BTC performance
| Timeframe | XUSD | BTC |
|---|---|---|
| 1h change | 0.348795 % | -0.0400366 % |
| 24h change | -2.57 % | -1.35339 % |
| 7 day change | 0.19 % | -4.88361 % |
| 14 day change | 1.99 % | -4.14321 % |
| 30 day change | 1.57 % | -2.17976 % |
| 200 day change | -40.87 % | 127.499 % |
| Year change | -39.23 % | 127.673 % |