The current real-time price of DLLR is $0.9712. In the past 24 hours, DLLR has traded between $0.9602 and $0.9850, showing strong market activity. The all-time high of DLLR is $1.059, and the all-time low is $0.8025.
From a short-term perspective, the price change of DLLR over the past 1 hour is , over the past 24 hours is +1.04%, and over the past 7 days is -0.45%. These figures provide a quick overview of the latest price trends and market dynamics of DLLR on LBank.-1.40%
The live price of DLLR today is $0.9712, with a current market cap of $3.351M. The 24-hour trading volume is 10K. The price of DLLR to USD is updated in real time.
Before deciding whether to buy or sell DLLR, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s DLLR technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for DLLR.
How much will DLLR be worth tomorrow, next week, or next month in ? What about your DLLR assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! DLLR Price Prediction
To learn more about DLLR, consider exploring other resources such as the whitepaper, official website, and other published information:
The Sovryn Dollar (DLLR) is an ultra-stable, decentralized stablecoin designed to offer the consistent value of traditional fiat currencies with the transparency and security inherent in Bitcoin. It maintains a 1:1 peg with the US dollar and is issued by the Mynt protocol. DLLR is composed of a diversified basket of exclusively Bitcoin-backed stablecoins, initially including ZUSD from the Sovryn Zero protocol and DOC from the Money on Chain protocol. This aggregation strategy aims to enhance its stability and scalability.
DLLR maintains its 1:1 peg to the USD by being consistently swappable, meaning it can be burned or minted, for specific stablecoins within its aggregated basket. Each constituent stablecoin has its own pegging mechanism. For example, ZUSD can be redeemed for its equivalent USD value in BTC, while DOC is overcollateralized by BTC. The Mynt protocol's strategy of aggregating multiple Bitcoin-backed stablecoins is crucial. This diversified approach contributes to DLLR's overall resilience and scalability, which are key factors in upholding its stable peg against market fluctuations.
The Sovryn Dollar (DLLR) is exclusively backed by Bitcoin. Its initial backing comes from two key Bitcoin-backed stablecoins: ZUSD and DOC. ZUSD is from the Sovryn Zero protocol, and DOC is from the Money on Chain protocol. The system maintains robust overcollateralization, with reports indicating it is backed by Bitcoin at approximately 300%. This high level of overcollateralization with Bitcoin aims to provide a strong and transparent reserve for DLLR, reinforcing its stability and trust.
DLLR serves as a versatile stablecoin within its ecosystem. Its primary use cases include functioning as a secure and liquid form of payment and a diversified capital asset. It also acts as a safe store of value, leveraging Bitcoin's inherent security. Users can obtain 0% interest loans in DLLR or deposit it into various liquidity pools to earn yield. Additionally, DLLR enables users to create a 50/50 balanced portfolio between Bitcoin and itself on its native platform and is tradable against assets like BTC, Runes, and Ordinals on various trading platforms.
Key risks for DLLR include: Smart Contract Risks, as reliance on smart contracts, even audited ones, always carries exploit potential. Redemption and Liquidation Risks, where DLLR redemptions can force liquidation for borrowers of constituent stablecoins (like ZUSD) if their collateral ratio falls too low. Lastly, Fractional Reserve Concerns have been raised, regarding the possibility of the system becoming effectively fractional reserve if constituent stablecoins generate yield while DLLR is simultaneously issued against them.
DLLR differentiates itself primarily by being exclusively backed by Bitcoin. This provides a high degree of censorship resistance and transparency, contrasting with many centralized, fiat-backed stablecoins. Its decentralized nature aims to provide independence from central authorities, reducing risks of manipulation and regulatory interference. Moreover, by aggregating a diversified basket of multiple Bitcoin-backed stablecoins, DLLR strives for greater resilience and scalability than any single stablecoin, offering a more robust and distributed stable value proposition.
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