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StablR USD (USDR) cryptocurrency Prices, about, Charts, Market Capitalization's and more.

Company details

StablR USD (USDR)
0.999819 USD (0.06%)
0.999819 USD
RANK

1250
MARKET CAP

$6.30 M USD
VOLUME

$21.90 M USD

What is StablR USD (USDR)?​

StablR USD (USDR) is a MiCAR compliant US Dollar-backed stablecoin, pegged to the value of the US Dollar and redeemable on a 1:1 basis. The stablecoin is collateralized by fiat and short-term government bonds. The main purpose of StablR USD (USDR) is to provide a digital alternative to traditional forms of money that is more efficient, secure, and accessible. StablR USD (USDR) can be used as a medium of exchange, a store of value, and a unit of account.

Some of the main use cases for StablR USD (USDR) include enabling faster and cheaper payments, facilitating international (foreign exchange) trade and investment, and enabling more flexible and resilient financial systems.

What is StablR USD (USDR)?​

StablR USD (USDR) is a MiCAR compliant US Dollar-backed stablecoin, pegged to the value of the US Dollar and redeemable on a 1:1 basis. The stablecoin is collateralized by fiat and short-term government bonds. The main purpose of StablR USD (USDR) is to provide a digital alternative to traditional forms of money that is more efficient, secure, and accessible. StablR USD (USDR) can be used as a medium of exchange, a store of value, and a unit of account.

Some of the main use cases for StablR USD (USDR) include enabling faster and cheaper payments, facilitating international (foreign exchange) trade and investment, and enabling more flexible and resilient financial systems.

How Many StablR USD (USDR) are in circulation?​

StablR launched its USDR token on December 6th 2024. As of mid-January 2025 app. 500,000 USDR has been minted on the Ethereum blockchain. Being a stablecoin, the USDR supply is uncapped and continues to expand according to demand.

Where Can I Buy StablR USD (USDR)?​

Institutions can obtain USDR by signing up here: https://www.stablr.com/partner/ StablR its Onboarding Team will contact the institution and after successful onboarding they will get access to their account on the StablR platform. Using the StablR Account and programmatic API access, institutions can simplify their transactions to on- and offramp StablR USD (USDR) the way it fits their purpose best.

How Is Issuing and Redemption of StablR Euro Secured?​

StablR uses cutting-edge MPC and Multisig technology to secure the private keys of the StablR USD smart contract, governing the control of issuing and redeeming StablR USD (USDR). This helps to protect the smart contract and USDR tokens from hacking or other security threats and ensure that StablR maintains full control over the minting and burning of StablR USD (USDR).

Beyond securing its smart contract governance and trusting the reliability of USDR towards its US Dollar peg, the token is built based on the ERC-20 standard. Any security incidents forthcoming breaches in this token standard affect all tokens utilising this standard.


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Company information

Added by
cryptohunter
Views
27
Last update

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