Alchemix USD (ALUSD) price, chart, coin profile and news

Find the latest Alchemix USD (ALUSD) price, coin profile, news and history to get you started with Alchemix USD trading and investing.

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What is Alchemix USD?

alUSD is an innovative stablecoin powered by Alchemix Finance, a decentralised finance (DeFi) lending protocol built on the Ethereum blockchain. Alchemix Finance offers users the opportunity to generate crypto-backed loans. However, unlike other DeFi lending and borrowing protocols, the application offers access to loans that automatically repay themselves. For depositing the stablecoin, DAI, into the Alchemix Finance application, the native stablecoin, alUSD, is received in return.

According to the project’s website, alUSD is a synthetic asset that is generated when a user deposits the stablecoin DAI into the Alchemix Finance application. This is completed at a ratio of 1:1. The value of alUSD is, therefore, backed by DAI collateral. The Alchemix Finance application then deposits a user’s original DAI into yearn.finance vaults to generate yield, which is used to automatically repay the alUSD loan. While yield is being generated from DAI and paying off the alUSD loan, the alUSD stablecoin can be utilised within other DeFi applications - amplifying a user’s liquidity.

Alchemix USD (ALUSD) is the 198th largest cryptocurrency in the world by market cap, valued at $189,777,762. The current price of Alchemix USD is $1.40584614, which is 0.048% higher than yesterday. Prices have ranged between $1.41282 and $1.39778517 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 25, 2022 03:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Alchemix USD (ALUSD) price

Use our graph to track the performance of (ALUSD) over time.

Alchemix USD at a glance

Information last updated May 25, 2022 03:05 UTC.
Coin symbol ALUSD
Coin Marketcap AUD$189,777,762
Total ALUSD supply 190,381,214
Circulating ALUSD 190,381,214
Current price AUD$1.40584614
All time high AUD$4.23
All time high date March 21, 2021

Alchemix USD price performance over time

Historical prices compared with the price of $1.40584614.

1 hour -0.04%
24 hours 0.05%
7 days -0.47%
14 days -0.01%
30 days 0.21%
60 days 0.09%
200 days -0.41%
1 year -0.52%

Disclaimer: Cryptocurrencies, including Alchemix USD, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ALUSD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Alchemix USD or any other cryptocurrency discussed.

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