TagsAlgorithmic StablecoinU.S. Dollar StablecoinDeFi
VAI in numbers
VAI ranks #1847 by market capitalization, at $1.19M. It belongs to the Stablecoins sector (Algorithmic Stablecoin). It has traded since Dec 1, 2020, across 26 markets on 2 exchanges, with $944.81 of volume in the last 24 hours. Its all-time high of $4.20 was reached on Jan 24, 2024; the current price is 76.4% below that peak. Its cycle low of $0.920932 came on Mar 14, 2024.
2.48M VAI are in circulation.
About VAI
VAI (Venus Algorithmic Stablecoin) is a decentralized stablecoin issued on the Binance Smart Chain (BSC) by the Venus protocol. It is designed to maintain a stable value equivalent to the US dollar through algorithmic mechanisms. VAI is backed by collateralized assets such as Binance Coin (BNB), Binance USD (BUSD), and other supported cryptocurrencies.