The current real-time price of SATUSD is $0.9951. In the past 24 hours, SATUSD has traded between $0.9933 and $0.9959, showing strong market activity. The all-time high of SATUSD is $1.68, and the all-time low is $0.6355.
From a short-term perspective, the price change of SATUSD over the past 1 hour is , over the past 24 hours is +0.00%, and over the past 7 days is +0.18%. These figures provide a quick overview of the latest price trends and market dynamics of SATUSD on LBank.-0.10%
The live price of SATUSD today is $0.9951, with a current market cap of $158.845M. The 24-hour trading volume is 16K. The price of SATUSD to USD is updated in real time.
Before deciding whether to buy or sell SATUSD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SATUSD technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SATUSD.
How much will SATUSD be worth tomorrow, next week, or next month in ? What about your SATUSD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SATUSD Price Prediction
To learn more about SATUSD, consider exploring other resources such as the whitepaper, official website, and other published information:
Satoshi Stablecoin (SATUSD) is the native stablecoin of the Satoshi Protocol, which is described as the first universal stablecoin protocol backed by Bitcoin. It allows users to deposit BTC as collateral to borrow $SAT. This mechanism aims to enable "BTCfi" (Decentralized Finance on Bitcoin), offering a novel way to engage with Bitcoin within the DeFi ecosystem.
SATUSD functions by allowing users to deposit Bitcoin (BTC) as collateral. Once Bitcoin is deposited into the Satoshi Protocol, users gain the ability to mint or borrow SATUSD against their BTC holdings. This process leverages users' existing Bitcoin assets, enabling them to access stablecoin liquidity without directly selling their BTC.
As a stablecoin, SATUSD aims to maintain a stable value, typically pegged to a fiat currency such as the US Dollar. Its stability mechanism primarily involves being backed by Bitcoin, which serves as the underlying collateral. While the backing by Bitcoin is a key feature, factors like the overall tokenomics, market sentiment, dynamics of supply, and broader adoption trends also play a role in influencing and maintaining its price movements and peg.
The primary use case for Satoshi Stablecoin (SATUSD) is deeply integrated within the Satoshi Protocol's ecosystem. It serves to enable users to leverage their existing Bitcoin holdings within Decentralized Finance (DeFi) applications. By depositing Bitcoin as collateral, users can borrow SATUSD, allowing them to access stablecoin liquidity for various DeFi activities without having to sell their underlying BTC. This mechanism facilitates greater utility and participation for Bitcoin holders in the DeFi space.
Satoshi Stablecoin (SATUSD) tokens are accessible for trading and acquisition across various platforms. Users can find SATUSD available on a range of decentralized exchanges, which facilitate peer-to-peer trading. Additionally, SATUSD is offered for trading on several centralized exchanges, providing users with diverse options for acquiring and trading the stablecoin based on their preferred platform and trading experience.
It is important to clarify that Satoshi Stablecoin (SATUSD) is distinct from sUSD, which is the synthetic USD token built on the Synthetix protocol. While both might share similar naming conventions in some contexts, they operate under different protocols and mechanisms. Synthetix's sUSD maintains its peg to the US dollar through overcollateralization with SNX tokens and utilizes decentralized price feeds, primarily serving as a foundational currency within Synthetix's derivatives ecosystem. Satoshi Stablecoin, conversely, is backed by Bitcoin within its own protocol.
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