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About Rings scUSD
Rings is the meta-stable protocol of Sonic chain. It is the main bridge for Ethereum Mainnet stablecoins and ETH derivatives token holders to start earning yield on Sonic.
Bridge ETH & Stablecoin from Mainnet to Sonic, Mint scETH and scUSD, stake it for stkETH and stkUSD to make it yield bearing, or lock it for veETH and veUSD to access governance power.
When minting scUSD and scETH, users deposit their initial into Veda Vaults which then reallocate the backing toward yield bearing strategies. The yield generated is then redistributed across eligible Sonic dApps and the distribution is controlled by the veUSD gauge tokenomic.
Trading Insights
Market Stats
Market Cap
£1.42M
2.42%
FDV
Not enough data
Circ. Supply
1.9M SCUSD
Max Supply
No maximum supply
Total Supply
1.9M SCUSD
Diluted Valuation
£1.42M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£1.38K
26.89%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
£0.7523
Price Change (1Y)
0.35%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Rings scUSD has decreased by 0.02% in the last hour and decreased by 0.01% in the past 24 hours. Rings scUSD’s price has also fallen by 0.30% in the past week. The current price is £0.7399 per SCUSD with a 24-hour trading volume of £1.38K. Currently, Rings scUSD is valued at 1.66% below its all time high of £0.7523. This all-time high was the highest price paid for Rings scUSD since its launch.
The current circulating supply of Rings scUSD is 1,916,841 SCUSD which means that Rings scUSD has as total market cap of £1,417,627.71.
Market details
SCUSD vs markets
↗ 40.35%
SCUSD vs BTC
↗ 37.78%
SCUSD vs ETH
↗ 76.24%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xd3DCe716f3eF535C5Ff8d041c1A41C3bd89b97aE |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.7399 | |
1 Day | £0.7399 | |
1 Week | £0.7371 | |
1 Month | £0.7421 | |
1 Year | £0.739 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Rings scUSD calculator
Related assets
Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.
