Alpaca USD priceAUSD $0.966
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About Alpaca USD
AUSD (Alpaca USD) is an auto-farming stablecoin on Alpaca Finance, that earns passive yields for you in the background. Now, instead of paying for loans, you can get loans while earning on your collateral.
AUSD is overcollateralized, decentralized, and reinforced with multi-layered pegging mechanisms so that it does the one thing stablecoins are supposed to do--remain stable at $1.
Lenders in Alpaca Finance can collateralize their deposits(ibTokens) to borrow AUSD, which they can use inside and outside Alpaca Finance to earn additional yields. Lenders are thus able to continue earning Lending APR and Staking APR, while also borrowing AUSD to use as they see fit, unlocking even higher profit potential and greatly increasing the flexibility and use cases of their capital.