Teddy Dollar (TSD) Plunges 4%: Here Is More Detailed Information About Teddy Dollar

The Teddy Dollar price today is $1.06 with a trading volume of $4,009,204. However, its market cap isn’t shown. It has a circulating supply of TSD tokens and a total supply of 28.9 Million. Yesterday at this time the price was $ 1.10, which reached an all-time high of $ 1.16 at midnight. However, 12 hours later, the token was trading at the lowest price of $ 1.03. Until now, there has only been one big jump of 6%. Now the price is $ 1.06.

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Teddy Cash is a decentralized borrowing protocol that allows you to receive interest-free loans secured by AVAX. Loans are repaid in TSD and the minimum collateral ratio must be 110%. In addition to collateral, loans are secured by the stability pool containing the TSD and by other borrowers collectively acting as surety guarantors. Teddy Cash as a protocol doesn’t require storage and management, furthermore, it’s immutable, The Teddy Dollar (TSD) is the first stablecoin on the Avalanche to use AVAX as collateral.