
Usual USDusd0#216
By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s
$0.9987
7d Change
-0.03%
30d Change
-0.02%
24h High
$0.000000
24h Low
$0.000000
Price Chart
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About Usual USD
Usual USD is a tokenized stablecoin that maintains its peg through a basket of reserves including cash equivalents and short-term securities. The protocol combines traditional collateral backing with blockchain infrastructure for transparency and accessibility. USD0 integrates with decentralized finance applications while providing stable value preservation.
Primary use case: Provides a blockchain-based stablecoin backed by traditional financial reserves for decentralized applications.
CoinHours Analysis
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Understanding Usual USD Price Data
The Usual USD price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.
Market capitalisation for Usual USD is calculated by multiplying the current price by the circulating supply — the number of USD0 units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.
All-time high (ATH) figures reflect the peak USD price ever recorded for Usual USD on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.
Usual USD for Australian Investors
In Australia, the Australian Taxation Office (ATO) treats Usual USD and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding USD0 for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.
Australian investors typically buy Usual USD through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the Usual USD protocol in plain English.
Usual USD FAQ
What backs Usual USD (USD0) tokens?
USD0 tokens are backed by a basket of reserves including cash equivalents and short-term securities. The protocol uses traditional financial collateral rather than purely algorithmic mechanisms to maintain its dollar peg, with smart contracts providing transparency around reserve holdings.
How does USD0 maintain its dollar peg?
The protocol maintains its peg through mint and redeem mechanisms backed by reserves. Users can mint new USD0 tokens by depositing collateral, or redeem existing tokens for underlying reserves, creating arbitrage opportunities that help stabilise the price around $1.
What are the tax implications of USD0 for Australian investors?
The ATO treats USD0 as cryptocurrency for tax purposes. Even though it maintains stable value, transactions may still trigger capital gains tax events. Australian investors must maintain detailed records of all USD0 transactions including acquisitions, disposals, and conversions.
Can I use USD0 in DeFi applications?
Yes, USD0 is designed to integrate with various decentralised finance protocols. Users can utilise the stablecoin for lending, borrowing, trading, and other DeFi activities whilst benefiting from its stable value relative to the US dollar.
What are the main risks of holding USD0?
Key risks include reserve quality and management, smart contract vulnerabilities, regulatory changes, and potential liquidity issues during market stress. The stability depends on the underlying collateral and proper protocol management, making due diligence essential.
Is USD0 available on Australian cryptocurrency exchanges?
Availability depends on individual exchange listings and compliance with AUSTRAC requirements. Australian investors should use AUSTRAC-registered exchanges that meet local Anti-Money Laundering and Counter-Terrorism Financing obligations when trading USD0.
Frequently Asked Questions
How often is the Usual USD price updated?
CoinHours pulls live USD0 pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.
Why does the Usual USD price differ between exchanges?
Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.
Is buying Usual USD legal in Australia?
Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.
What is market cap and why does it matter?
Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.
Should I store Usual USD on an exchange or in a wallet?
Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.
Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.