Rank #11938
axlusdt Bridged Tether (Axelar)
$ 1.001
0.00%
0.00001037 BTC
1,037 satoshies0.00%
Market Cap
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24 Hour Trading Vol
8,408.4138 $
Circulating Supply
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Total Supply
1,07 MLN.
Max Supply
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Fully Diluted Valuation
1,07 MLN. $
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About Coin
What is the project about?
axlUSDT is a wrapped, multi-chain representation of USDT, a dollar stablecoin.
For each unit of axlUSDT, there is a unit of USDT locked in an Axelar Gateway on Ethereum.
axlUSDT is secured by a dynamic validator set running delegated Proof-of-Stake, which holds key shares in the Axelar Gateways via multi-party cryptography.
Acquire axlUSDT in three ways:
Swap via liquid pairs on any of the DEXs listed here.
Swap via Squid, a cross-chain liquidity router built on Axelar.
Mint via Satellite, a cross-chain bridge built by Axelar
What makes your project unique?
USDT is issued on Ethereum – but dApps and users in other ecosystems also value the stablecoin's properties. Many of them use axlUSDT, a wrapped version of USDT that can travel between chains, as a multi-chain stablecoin.
In brief, axlUSDT is generated via cross-chain bridges. These dApps accept a deposit of USDT at an Axelar Gateway on Ethereum, and mint an equivalent amount of axlUSDT on the destination chain (minus fees).
Two key points to understand what axlUSDT is and how it can be used:
For every unit of axlUSDT, there is a unit of USDT locked in a Gateway on Ethereum.
Once minted, axlUSDT can flow from chain to chain, without going back through Ethereum.
Gateway addresses on various EVM chains and the token addresses of axlUSDT on various chains are listed in the Axelar docs, here.
History of your project.
What’s next for your project?
What can your token be used for?
Where is Bridged Tether (Axelar) available for purchase?
You can exchange AXLUSDT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Bridged Tether (Axelar) is Shade Protocol, notably the AXLUSDT/AXLUSDT pair, which saw a trading volume of $ 7,053.96 in the past day. Additionally, Kinetix V3 and Osmosis are popular alternatives for trading tokens.
What is the highest value Bridged Tether (Axelar) (AXLUSDT) has ever reached?
Bridged Tether (Axelar) (AXLUSDT) reached its peak price at 15.33 $ on 30 October 2023, approximately 2 years ago ago. Presently, the current price is -93.47% lower than this all-time high.
What is the historical minimum price for Bridged Tether (Axelar) (AXLUSDT)?
The minimum price reached for Bridged Tether (Axelar) (AXLUSDT) was 0.9336 $, documented on 19 November 2023, more than a year ago. In comparison, the current price is 7.21%, it above this historical low.
What is the fully diluted valuation of Bridged Tether (Axelar) (AXLUSDT)?
The fully diluted valuation (FDV) of Bridged Tether (Axelar) (AXLUSDT) stands at $ 1,07 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of AXLUSDT tokens. The realization of this FDV might take several years depending on the emission schedule of AXLUSDT tokens.
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