The current real-time price of PUSD is $0.1364. In the past 24 hours, PUSD has traded between $0.1364 and $0.1368, showing strong market activity. The all-time high of PUSD is $1.91, and the all-time low is $0.1349.
From a short-term perspective, the price change of PUSD over the past 1 hour is , over the past 24 hours is -0.08%, and over the past 7 days is -0.29%. These figures provide a quick overview of the latest price trends and market dynamics of PUSD on LBank.-0.06%
The live price of PUSD today is $0.1364, with a current market cap of $0. The 24-hour trading volume is 3.77. The price of PUSD to USD is updated in real time.
Before deciding whether to buy or sell PUSD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s PUSD 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 PUSD.
How much will PUSD be worth tomorrow, next week, or next month in ? What about your PUSD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! PUSD Price Prediction
To learn more about PUSD, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
polygon-pos | 0x0527...6fc9a0  | 51,964 | 49.14% |
polygon-pos | 0xc30d...5cc3c4 | 18,035 | 17.05% |
polygon-pos | 0x0319...2c3367 | 9,485 | 8.97% |
polygon-pos | 0xf2f4...880048 | 5,604 | 5.3% |
polygon-pos | 0x4a80...c4a085 | 3,656 | 3.46% |
Other | 17,006.07 | 16.08% |
PUSD is the native stablecoin of Polyquity on the Polygon network, specifically designed to maintain a stable peg to the US Dollar. Its primary function is to serve as a decentralized, collateral-backed stablecoin that users can borrow. It is minted by staking MATIC as collateral, providing a capital-efficient method for users to access stablecoin liquidity without divesting their underlying assets.
PUSD loans are collateralized by MATIC, which is the native cryptocurrency of the Polygon network. To uphold the system's stability and solvency, the Polyquity protocol mandates a minimum collateral ratio of 110%. This means that for every 100 PUSD borrowed, users must supply at least 110 units worth of MATIC collateral, providing a crucial buffer against potential market volatility.
Yes, a distinguishing feature of the Polyquity protocol is its provision of interest-free loans. When users borrow PUSD by depositing MATIC as collateral into a 'Trove,' they are not subjected to ongoing interest payments on their borrowed amount. Instead, the protocol typically applies a one-time borrowing fee at the time of issuance, which contributes to the protocol's revenue streams and helps in maintaining the PUSD peg.
PUSD maintains its dollar peg through a combination of robust "hard peg mechanisms" and adaptable "soft peg mechanisms." Hard mechanisms include the ability for users to redeem 1 PUSD for $1 worth of underlying collateral (MATIC) and the strict minimum collateral ratio. Soft mechanisms, such as dynamically adjusted borrowing fees, are designed to incentivize market behaviors that consistently keep the stablecoin's market price anchored near its target peg.
PYQ is the secondary token of the Polyquity ecosystem, complementing the PUSD stablecoin. Its primary role is to capture a portion of the revenue generated by the protocol, which comes from various operations such as borrowing fees, transfer fees, and redemption fees. Additionally, PYQ serves as an incentive mechanism for early adopters and stakers, aligning their financial interests with the long-term growth and stability of the Polyquity protocol.
In Polyquity, a "Trove" is a user-created collateralized debt position where MATIC is deposited as collateral to mint PUSD. Each Trove operates independently, managing a user's borrowed PUSD. The "Stability Pool" is a crucial safeguard for the protocol's solvency. It comprises PUSD deposited by users to absorb liquidated collateral from Troves that fall below the minimum collateral ratio, ensuring the system's robustness and integrity. Stability Pool providers earn rewards from liquidations and PYQ incentives.
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