Hyperstable USDPrice(USH)
Details Hyperstable USD (USH) Price information (USD)
The current real-time price of USH is $1.084. In the past 24 hours, USH has traded between $1.077 and $1.093, showing strong market activity. The all-time high of USH is $1.21, and the all-time low is $0.7007.
From a short-term perspective, the price change of USH over the past 1 hour is
Hyperstable USD (USH) Market Information
Hyperstable USD (USH) Today's Price
The live price of USH today is $1.084, with a current market cap of $35,698.40. The 24-hour trading volume is 371.43. The price of USH to USD is updated in real time.
Hyperstable USD (USH) Price History (USD)
What is HYPERSTABLE USD (USH)?
When is the right time to buy USH? Should I buy or sell USH now?
Before deciding whether to buy or sell USH, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s USH technical analysis can provide you with trading references.
Future price trend of USH
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for USH.
How much will USH be worth tomorrow, next week, or next month in ? What about your USH assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! USH Price Prediction
How to buy HYPERSTABLE USD (USH)
Convert USH to local currency
USH Resources
To learn more about USH, consider exploring other resources such as the whitepaper, official website, and other published information:
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HYPERSTABLE USD (USH) FAQ
What is Hyperstable USD (USH)?
Hyperstable USD (USH) is a decentralized, over-collateralized stablecoin primarily operating on the HyperEVM network. It is designed to maintain a 1:1 peg with the US Dollar using smart contracts rather than a central entity. Unlike centralized stablecoins, USH is crypto-backed, ensuring that all issued tokens are supported by on-chain collateral, which enhances transparency and decentralization within the ecosystem.
How can users distinguish this USH token from others with the same ticker?
There are multiple tokens in the crypto market that use the 'USH' ticker, such as those on MultiversX or other utility protocols. Hyperstable USD is specifically native to the HyperEVM network. To ensure safety and avoid sending funds to the wrong blockchain, users should verify the official contract address on HyperEVM before interacting with the protocol or trading the asset.
What mechanisms are used to maintain the USH price peg?
The protocol maintains its $1 peg through over-collateralization and market arbitrage. Users must deposit collateral of higher value than the USH they mint. If the price of USH falls below $1, users are incentivized to purchase it at a discount to settle their debts at a $1 value. If the price exceeds $1, users can mint more USH to sell for a profit, effectively stabilizing the supply and demand.
What assets can be used as collateral and what happens if their value drops?
The protocol supports various assets such as HYPE, wstHYPE, uBTC, and uETH as collateral for minting USH. Each asset has a specific 'Collateral Factor' determining the borrowing limit. If the market value of the collateral decreases significantly, causing the user's 'Health Factor' to fall below a required threshold, the position may be liquidated. This process ensures the protocol remains solvent and that USH remains fully backed.
What is the relationship between the PEG and vePEG tokens?
PEG is the utility and governance token of the ecosystem, primarily used to incentivize liquidity providers. Users can lock their PEG tokens for a chosen period to receive vePEG (Vote Escrowed PEG). Holding vePEG provides several benefits, including the ability to earn a share of protocol revenue from interest and liquidation fees, and the right to vote on which liquidity pools receive PEG emissions through gauge voting.
How can users earn rewards within the Hyperstable USD ecosystem?
Users can earn rewards by providing liquidity for USH pairs on decentralized exchanges and staking their liquidity provider (LP) tokens to receive PEG emissions. Additionally, by locking PEG for vePEG, users can earn protocol revenue and participate in governance. Some users may also choose to participate in stability pools or isolated vaults to earn yield while helping secure the protocol's infrastructure.
