Stablecoin bitUSD has skyrocketed, as of now the value of bitUSD is $22.08. The price of BitUSD reached at $50 on 12th August but later corrected down to $22.08. BitUSD is token and a cryptocurrency on Bitshare platform. With 3,595,980 BitUSD supply it has a market capitalization of $79,385,649.
Being a stablecoin the rise of bitUSD has caught the crypto community by surprise. People are also questioning the nature of this stablecoin as it has hiked by more than 87% in the last 24 hours. It is currently being traded on 3 active markets, with a trading volume of $22,298 in the last 24 hours.