Today's Round Dollar price is $14.31, which is down 7% over the last 12 months. Round Dollar's market cap is unknown. 1 year RD volume is $61.02M. It has a market cap rank of 3308. Round Dollar is traded on exchanges. Round Dollar had an all-time high of $15.66 4 months ago. Over the last year, Round Dollar has had 0% transparent volume and has been trading on 2 active markets with its highest volume trading pairs being .
Round Dollar (RD) is a revolutionary synthetic stablecoin pegged to the value of a basket of mainstream Asian currencies. One RD is equivalent to 47 CNH + 550 JPY + 25 HKD. With fiat currencies deposited for subscription of RD placed into custody of third-party trusts for safekeeping, which are subject to monthly audits and public disclosures, RD is regarded as a safe and well accepted stablecoin for transactional uses and storage of values. Compared with stablecoins pegged to a single currency (e.g. USD), RD has the advantage of reduced foreign exchange rate risk, particularly for Asian users
1. A medium through which value can be exchanged within the crypto world as well as between the fiat and crypto worlds is essential – RD can bridge that gap
2. RD as a medium for trade settlement increases the efficiency of cross-border trade by avoiding redundant intermediaries. It also reduces foreign exchange rate risk for both importers and exporters
3. RD’s value is pegged with a basket of major Asian currencies, making it an effective denomination for Defi