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BitUSD Stablecoin reaches Jupiter

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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