# Sperax USD (usds)

> USDs is a hybrid of crypto-collateralized and algorithmic stablecoins. It is highly scalable, trustless, and will be completely decentralized after the launch of the governance protocols. 

- SPA will be central to the stability mechanism of USDs, which is fully on-chain. 
- USDs will further invest its collateral in other audited decentralised projects like Curve to generate yields and will pass on that yield to holders of USDs.
- USDs holders (HODLers) would directly earn the yield in their wallets. USDs acts as a low cost efficient and relatively less risky was to benefit from DeFi.

USDs will be launched on Arbitrum and we eventually build a system of interoperability to facilitate USDs on other major blockchains. 

## Price Data

- **Current Price**: $1.00
- **Market Cap**: $614.85K
- **Fully Diluted Valuation**: $614.85K
- **Circulating Supply**: 616,620.124 usds
- **Total Supply**: 616,620.124 usds

## Price Changes

- **24h**: -0.00%
- **30d**: -0.00%
- **90d**: -0.01%
- **365d**: +0.00%

## Chain Availability

Available on: arbitrum

## Resources

- [Website](https://sperax.io)
- [Discord](http://discord.gg/sperax)
- [Coingecko](https://www.coingecko.com/en/coins/sperax-usd)
- [Dex.guru](https://dex.guru/token/arbitrum/0xd74f5255d557944cf7dd0e45ff521520002d5748)

## Links

- [View on Zerion](https://app.zerion.io/tokens/usds-0xd74f5255d557944cf7dd0e45ff521520002d5748)
- [Trade on Zerion](https://app.zerion.io/tokens/usds-0xd74f5255d557944cf7dd0e45ff521520002d5748)

## 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