Stable USDLR USDLR

1. Summary

Ranks

Liquidity

-

Developer

-

Social

11

Momentum (beta)

0

Stack Rank™

-

Price

$0.000000000000 0.0%

Market Cap

$ (#29851)

Supply

/

Tags

Arbitrum Ecosystem Ethereum Ecosystem ZkSync Ecosystem Mantle Ecosystem Linea Ecosystem

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Price
All Time High (ATH) Date	16th Jan 2025 (1 month ago)
All Time Low (ATL) Date	16th Jan 2025 (1 month ago)

Supply & Trading Volume

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Description

USDLR Stablecoin

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USDLR Stablecoin

The USDLR is a fiat-backed stablecoin issued by Stable, designed to maintain a stable value pegged to the US dollar (USD). This stablecoin operates under the supervision of the New York State Department of Financial Services (DFS).

Key Features

• Stablecoin Issuance: The USDLR is fully backed by a reserve of assets, ensuring that the market value of the reserve is at least equal to the nominal value of all outstanding units of the stablecoin.
• Redemption Policy: The issuer, Stable, has implemented clear, conspicuous redemption policies approved by DFS. These policies provide holders the right to redeem units of the stablecoin at a timely 1:1 exchange rate for USD, net of ordinary fees and subject to reasonable conditions.
• Security: The stablecoin is designed to ensure the security and stability of transactions, with a focus on preventing runs on the stablecoin.
• Adoption Incentives: To promote the adoption of USDLR, Stable pays DeFi protocols affiliate marketing rewards.

Purpose

The USDLR aims to reduce obstacles to wider adoption of cryptoassets by addressing volatility and regulatory concerns, thereby increasing digital transactions and facilitating a seamless, frictionless global FX market.

Current State

USDLR is part of the broader stablecoin ecosystem, which plays a crucial role in the digitization of currencies and real-time settlement. Its adoption is expected to continue growing, particularly in cross-border payments and liquidity provision within crypto markets.

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