Rings scUSD

Rings is the meta-stable protocol of Sonic chain. It is the main bridge for Ethereum Mainnet stablecoins and ETH derivatives token holders to start earning yield on Sonic.

Bridge ETH & Stablecoin from Mainnet to Sonic, Mint scETH and scUSD, stake it for stkETH and stkUSD to make it yield bearing, or lock it for veETH and veUSD to access governance power.

When minting scUSD and scETH, users deposit their initial into Veda Vaults which then reallocate the backing toward yield bearing strategies. The yield generated is then redistributed across eligible Sonic dApps and the distribution is controlled by the veUSD gauge tokenomic.

Rings scUSD Price Analysis

As of April 20 2025 Rings scUSD has a marketcap of $1.9M. This is {{percentagefromath}} from its all time high of $1.017. In terms of its tokenomics, there's a total supply of 1.9M with 100% currently outstanding. Keep in mind Rings scUSD has a fully diluted value of $1.9M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude