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FLEXUSD

flexUSD Price

FLEXUSD
#1208

$0.09804

2.01%

฿0.00000092

Market Cap
$16.31M
FDV
$16.31M
Volume 24h
$1.91
Vol/Mkt Cap 24h
0%
Total Supply
166,350,245
Circulating Supply
166,350,245

Contracts

Contract

0xa77...e6f3

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Price Change

24h

Low

High

1h Change

0.31%

24h Change

2.01%

7d Change

8.29%

All Time High

$1.03

Jan 1, 2022

90.49%

All Time Low

$0.05

Apr 7, 2025

84.21%

flexUSD price is $0.09804, up 2.01% in the last 24 hours, and the live market cap is $16,309,579. It has circulating supply of 166,350,245 FLEXUSD coins and a max supply of 166,350,245 FLEXUSD alongside $1.91 24h trading volume. Now, you can view this coin price in INR.

Price
Market Cap
Available Supply
1h24h1w1m3m6m1yAll







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FLEXUSD

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About flexUSD

What is FlexUSD?

FlexUSD is a stablecoin that is pegged to the US Dollar. It was created by CoinFLEX, a cryptocurrency derivatives exchange, and is designed to provide users with a safe and secure way to store their funds while trading on the CoinFLEX platform. FlexUSD has been designed to be fully compliant with all applicable laws and regulations, including KYC/AML requirements.

The primary purpose of FlexUSD is to provide traders with an alternative to traditional fiat currencies when trading on the CoinFLEX platform. By using FlexUSD as their base currency, traders can avoid the volatility associated with other cryptocurrencies while still taking advantage of the benefits offered by digital assets. Additionally, since it’s pegged 1:1 to USD, traders don’t have to worry about exchange rate fluctuations.

FlexUSD also provides users with access to a range of features that are not available with fiat currencies. For example, users can use FlexUSD for margin trading and futures contracts on the CoinFLEX platform. This allows them to take advantage of leverage and gain exposure to different markets without having to use fiat currencies.

CoinFLEX has also taken steps to ensure that FlexUSD remains secure and stable at all times. To do this, they have implemented several measures such as multi-signature wallets and cold storage solutions for storing user funds securely.

Overall, FlexUSD provides traders with a reliable way of storing their funds while trading on the CoinFLEX platform. It offers many advantages over traditional fiat currencies such as increased security and access to additional features like margin trading and futures contracts.

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flexUSD News

Reddit ...

Looking back at the 2022 exchange fiasco, crooks that got away easily PART1 - Mark Lamb

<!-- SC_OFF --><div class="md"><ul> <li><p>Name: </p> <ul> <li>Mark Lamb</li> </ul></li> <li><p>Who is he: </p> <ul> <li>Co-Founder and Co-Owner of Coinflex</li> </ul></li> <li><p>What happened: </p> <ul> <li>On June 24, 2022, the exchange CoinFLEX announced that it made the decision to halt user withdraws, and the price of the platform Token FLEX subsequently plummeted, from $4.30 to less than $1.50 in four hours. At the same time, FlexUSD, the platform’s stablecoin, also began to de-peg, with prices dropping as low as $0.23.</li> </ul></li> <li><p>What was Mark Lamb excuse: </p> <ul> <li>CoinFLEX created a special account for Roger Ver, providing him protection against immediate liquidation if his margin fell below maintenance levels. Roger Ver offered Bitcoin Cash (BCH) valued at $400 as collateral. However, a crypto market crash caused BCH to drop to $120. CoinFLEX faced a liquidity crisis, and BCH remained at that value. In the end, Roger Ver’s position was completely worn out and turned into negative equity, while CoinFLEX was left with a lot of delisting FLEX. It was revealed that CoinFLEX had a real loss of $120 million, including losses from the de-peg of the stablecoin FlexUSD and the loss of withdrawals (less than $10 million) due to the collapse of the SmartBCH cross-chain bridge, which was built by CoinFLEX.</li> </ul></li> <li><p>What was Mark Lamb solution: </p> <ul> <li>CoinFlex said it would issue $47 million of a digital coin it is calling Recovery Value USD, or rvUSD. (lol, it's not trolling)</li> </ul></li> <li><p>What happened to Mark Lamb since: </p> <ul> <li>Well, he walked away, CoinFlex customers have been forgotten. Since, in january 2023, Mark Lamb and 3 Arrows Capitals wanted to start a new exchange called... GDX, because G is the letter after F, such as FTX, all of you guys probably remember that because it was so ridiculous.</li> <li>His twitter account went silence since the collapse.</li> </ul></li> </ul> <p>Mark Lamb should face some consequences, instead of enjoying his customers money.</p> <p>He got lucky.</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/badfishbeefcake"> /u/badfishbeefcake </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/16nb46e/looking_back_at_the_2022_exchange_fiasco_crooks/">[link]</a></span>   <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/16nb46e/looking_back_at_the_2022_exchange_fiasco_crooks/">[comments]</a></span>

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