# TSD Stablecoin (TSD)

> Teddy Cash is a decentralized borrowing protocol that allows you to draw interest-free loans against AVAX used as collateral. Loans are paid out in TSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%. Learn more about these mechanisms in our documentation. https://docs.teddy.cash/

The Teddy Dollar (TSD) is the first stablecoin on the Avalanche network that uses AVAX as collateral. In addition to the collateral, the loans are secured by a Stability Pool containing TSD and by fellow borrowers collectively acting as guarantors of last resort. Teddy Cash as a protocol is non-custodial, immutable, and governance-free.

The Teddy Cash protocol offers interest-free loans and is more capital efficient than other borrowing systems (i.e. less collateral is needed for the same loan). Instead of selling AVAX to have liquid funds, you can use the protocol to lock up your AVAX, borrow against the collateral to withdraw TSD, and then repay your loan at a future date.

## Price Data

- **Current Price**: $1.03
- **Market Cap**: N/A
- **Fully Diluted Valuation**: $29.91M
- **Circulating Supply**: N/A
- **Total Supply**: 28.93M TSD

## Price Changes

- **24h**: -0.01%
- **30d**: -0.01%
- **90d**: -0.02%
- **365d**: -0.20%

## Chain Availability

Available on: avalanche

## Resources

- [Website](https://teddy.cash/)
- [Discord](https://discord.gg/suvQxUwun3)
- [Coingecko](https://www.coingecko.com/en/coins/teddy-dollar)
- [Dex.guru](https://dex.guru/token/avalanche/0x4fbf0429599460d327bd5f55625e30e4fc066095)

## Links

- [View on Zerion](https://app.zerion.io/tokens/TSD-dd1b1c7c-b2da-4e08-9872-15f9910f0161)
- [Trade on Zerion](https://app.zerion.io/tokens/TSD-dd1b1c7c-b2da-4e08-9872-15f9910f0161)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset