LUSD-ZAR price

The LUSD is a decentralized USD stablecoin issued on the Liquity protocol by depositing an ETH collateral. The interest of the protocol is that it is a fully autonomous smart contract with no administrators or governance mechanisms, and is therefore unstoppable. The LUSD is thus entirely backed by ETH, and follows the price of the USD through a price oracle.

Right now, 1 LUSD is worth R .

Right now, 1 South African rand is equal to LUSD.

Created in 2020, Liquity is a Swiss company developing the decentralized protocol of the same name that allows to borrow and redeem the LUSD stablecoin against ETH.

A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.

Because LUSD is 100% backed by a fully decentralized crypto collateral (ETH) and because the Liquity protocol is autonomous and censorship resistant, LUSD is considered to be one of the safest stablecoins available today. For a more detailed analysis of LUSD's safety, read its rating on bluechip.org.

The price of LUSD tracks the price of the US dollar by using both the price of its collateral (ETH) and a price oracle that provides a USD-ETH exchange rate in real time.

You never store LUSD in itself. Instead, you store the private key giving you access and control over a wallet address that contains LUSD. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send LUSD, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy LUSD with us here from South Africa by sending us bank transfers in ZAR, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy LUSD.

You can swap LUSD here against one of the cryptocurrencies that we support, using any self-custodial Liquity USD wallet. For more information, have a look at our step-by-step tutorial on how to swap LUSD.

To cash out Liquity USD with us, you simply need to transfer your crypto to our address. We'll convert your LUSD in ZAR, then transfer the funds to your bank account in South Africa. For more information, have a look at our step-by-step tutorial on how to sell LUSD.