YFLUSD

YF Link USDYFLUSD

Rank # -
Token
On 3 watchlists

Status

Market data is untracked

This project is featured as an 'Untracked Listing'

For more details on the listing tiers, please refer to Listings Review Criteria Section B - (3)

YFLUSD Price Live Data

What is YFLUSD?

YF Link's agorithmic stablecoin dynamically adjusts the money supply to meet changes in money demand.

How does YFLUSD supply get adjusted?

When demand is rising, the blockchain will create more stablecoin. The expanded supply is designed to bring the price down. When demand is falling, the blockchain will buy back stablecoin. The contracted supply is designed to restore the price. Algorithmic stablecoins are designed to expand and contract supply similarly to the way central banks buy and sell fiscal debt to stabilize purchasing power. For this reason, we refer to Basis as having an algorithmic central bank.