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About Last USD
USDXL is primarily used as a decentralised, on-chain dollar alternative for DeFi ecosystems. It serves as:
- Stable collateral: Users can mint, borrow, and lend against USDXL within DeFi protocols.
- Liquidity medium: It can be deployed in decentralised exchanges, automated market makers, and cross-chain swaps.
- Yield strategy base: USDXL supports recursive borrowing, liquidity provision, and structured yield farming strategies.
- Treasury-backed peg instrument: A hybrid design allows USDXL to maintain stability even in volatile market conditions through dual reserve systems.
Minting and Collateralisation USDXL is minted by depositing over-collateralised assets such as ETH or blue-chip tokens into smart contracts. Minting parameters are governed by risk thresholds and price oracles to ensure safety.
Revenue-Driven Backing Beyond user-supplied collateral, the protocol generates ongoing revenue which is directed into tokenised U.S. treasury assets. These serve as a secondary layer of backing and enable a soft floor for redemption liquidity.
Peg Stability USDXL uses algorithmic constraints and treasury inflows to keep its value aligned with the U.S. dollar. If deviations occur, arbitrage incentives and liquidity injection mechanisms work to restore parity.
Cross-Chain Compatibility Deployed on HyperEVM, USDXL is transferable across EVM networks through bridging layers and liquidity hubs, enabling multi-chain interoperability without compromising security.
Smart Contract Safeguards Mint/redeem functions include per-block rate limits, collateral health checks, and emergency pause mechanisms. Delegated access and admin-controlled risk parameters ensure responsible scalability.
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Last USD Market Data
The live Last USD price today is $0.98 USD with a 24-hour trading volume of $105.77 USD. We update our USDXL to USD price in real-time. Last USD is down 2.05% in the last 24 hours.
The current market cap is $1,186,941.56 USD. The circulating supply is 1,211,981 USDXL.