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Inflation Adjusted USDS Price (IUSDS)
$0.967481
1.49%
Inflation Adjusted USDS Price Chart (IUSDS/USD)
Last updated 22 Jun 2022, 09:10AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|
IUSDS Price Statistics
- Inflation Adjusted USDS Price Now $1
- 24h Low / 24h High $1 / $1
- Trading Volume $86,661
- Market Cap Rank #1565
- Market Cap $1,819,963
- Volume / Market Cap 0.0476
-
All-Time High
$1 -12.88%
May 27, 2022 -
All-Time Low
$1 14.21%
Jun 17, 2022
Inflation Adjusted USDS Cryptocurrency
Introduction
The concept of cryptocurrencies has revolutionized the way we transact and store value. Among the numerous digital currencies available today, Inflation Adjusted USDS (Inflation Adjusted USD Stablecoin) has gained immense popularity due to its unique features that address the issue of inflation.
Understanding Inflation Adjusted USDS
In contrast to traditional cryptocurrencies that are highly volatile and subject to price fluctuations, Inflation Adjusted USDS is a stablecoin. A stablecoin is a type of cryptocurrency that is designed to maintain a stable value, typically pegged to a real-world asset such as the US dollar or a basket of currencies.
The primary purpose of Inflation Adjusted USDS is to counter the effects of inflation. Inflation erodes the purchasing power of fiat currencies, leading to a decrease in the value and trust people have in traditional financial systems. This stablecoin aims to provide a digital alternative that retains its value over time.
Mechanism
Inflation Adjusted USDS operates using a unique mechanism that adjusts its value to account for inflation. It is built on a decentralized network that utilizes smart contracts and oracles to ensure transparency and accuracy in determining the inflation rate.
Smart contracts are self-executing agreements with predefined conditions encoded within the blockchain. These contracts automatically adjust the supply and value of Inflation Adjusted USDS based on the inflation rate data provided by oracles. Oracles are trusted data sources that fetch and feed real-time or historical inflation data into the blockchain.
Benefits
The Inflation Adjusted USDS stablecoin offers several benefits:
1. Purchasing Power Protection: By adjusting its value in real-time based on the inflation rate, Inflation Adjusted USDS helps preserve the purchasing power of its holders.
2. Reduced Volatility: Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, Inflation Adjusted USDS is designed to have a stable value, reducing the risk of price fluctuations.
3. Transparency: The decentralized nature of the cryptocurrency ensures that all transactions and adjustments made to the supply are visible on the blockchain, promoting transparency and trust.
4. Global Accessibility: Inflation Adjusted USDS can be used and accessed by anyone with an internet connection, opening up opportunities for individuals in economically unstable regions.
Use Cases
Inflation Adjusted USDS has a wide range of potential use cases:
1. Remittances and Money Transfers: Individuals sending money across borders can benefit from the stability and low transaction fees provided by Inflation Adjusted USDS.
2. Hedging Against Inflation: Investors and businesses can utilize Inflation Adjusted USDS as a hedge against inflation, protecting their wealth from the devaluation of fiat currencies.
3. Microtransactions and Online Commerce: The stable nature of Inflation Adjusted USDS makes it suitable for small-scale transactions, such as purchasing digital goods or paying for online services.
Conclusion
As cryptocurrencies continue to evolve, the need for stable digital currencies becomes increasingly important. Inflation Adjusted USDS offers a reliable solution by addressing the issue of inflation and providing stable value in digital transactions. Its unique mechanism and benefits make it a promising contender in the world of cryptocurrencies.