About USDL
Market Stats
Market Cap
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FDV
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Circulating Supply
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Max Supply
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Total Supply
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Performance
Popularity
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Dominance
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Volume (24H)
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Volume (7D)
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Volume (30D)
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All time high
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Overall Price Change (1Y)
Additional info about USDL
Recent trends
Market details
USDL vs markets
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USDL vs BTC
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USDL vs ETH
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x3e991dBEc296E00626E58C33b62E53beC9D54636 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
USDL is a stablecoin and the gas token of the LGCY Network. The LGCY Network is an open-source blockchain protocol that offers faster transactions and flexible utility. Gas is the fee that a user needs to pay to run a transaction on the blockchain. Each transaction on the network includes some gas, and the fees paid to the miners for mining transactions are directly proportional to the gas fee consumed by each transaction. The gas token allows users to pay for less gas and save on miner fees and other costs.
As per the whitepaper, the LGCY Network uses USDL as gas for transactions on the blockchain. This model provides a stable backing to the gas while also giving scalability to the network. USDL is pegged to USD. Pegging is the practice of tying a currency’s exchange rate to another currency. The users who choose to stake or run nodes with the LGCY platform earn payouts in the USDL token, which is less volatile than other cryptocurrencies.
LGCY follows a delegated proof-of-stake (DPoS) consensus mechanism so that no single large token holder gains control of the network. DPoS consensus works with a voting system in which the network users elect delegates to validate the next block.
The platform uses a three-layer architecture—the storage, core, and application layers:
This model enables the LGCY network to provide scalability, security, and decentralization.
The LGCY Network was launched in August 2020. Justin WaiAu and Wes Wade are the founders of the platform. The initial total supply of USDL is 10 million tokens. The platform plans to increase the supply of USDL in the future as the LGCY network grows and more USDL tokens are needed to supply gas for transactions.
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USDL news
Trending articles
Social stats
Popularity in posts
#3891
Contributors
2
Posts
2
% About USDL
0.003%
Hold times
0 days
X (Twitter)
7.32% bullish
Sentiment
3.8 ★
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.
Highlights
2 unique individuals are talking about USDL and it is ranked #3,891 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, USDL has an average sentiment score of 75 out of 5. Finally, USDL is becoming less newsworthy, with 0 news articles published about USDL.
On Twitter, people are mostly neutral about USDL. There were 7.32% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about USDL. 92.68% of tweets were neutral about USDL. These sentiments are based on 2 tweets.
On Reddit, USDL was mentioned in 0 Reddit posts and there were 0 comments about USDL. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.