As of today, the last reported SDUSD price is $0.17626. SDUSD's last market cap was $6,179. Year to date SDUSD volume is $121,910. It has a market cap rank of unknown with a circulating supply of 35,056 and max supply of 35,056. SDUSD is traded on exchanges. SDUSD had an all-time high of $90.03 9 months ago. Since the year began, SDUSD has had 100% transparent volume and has been trading on 10 active markets with its highest volume trading pairs being .
The SDUSD token is issued by Alchemint’s smart contract and is designed to hold $1 USD worth of value by locking NEO as collateral. The SDUSD token is the first native stablecoin to the NEO blockchain.
On December 17th, 2018, Alchemint launched its SDUSD stable coin issuance platform to the NEO MainNet. The stablecoin distribution platform aims to mortgage digital assets through smart contracts and manage collateral risk. Eventually, Alchemint aims to anchor a stablecoin to any assets, which may include fiat currency, cryptocurrency, and other commodities.
Alchemint seeks to differentiate itself from other stable coin projects in the frequency of its audit reports. Users will be able to audit the stable coins at any time using the blockchain explorer.
SDUSD is the first digital asset to be launched through Alchemint’s SAR-C smart contract and is pegged to the US dollar. SDUSD was selected as the US dollar is the largest liquid currency, but Alchemint aims to gradually anchor other assets in the SAR-C model.
Stable Foundation isn’t the only entity that can liquidate SARs to maintain a high collateral rate. Users can also liquidate SARs that have a collateral rate of 149% or lower. To liquidate, the individual uses SDUSD to purchase the SAR at a 10% discount (compared ...to market value). This way, users help individual SARs maintain their collateral rate of 150% or more.