Alchemint Stablecoin Issuance Platform Status

As the crypto market conditions are improving, the platform is now more used than ever before. Alongside Bitcoin price increase, NEO price reached a yearly high of $20.

Due to NEO price increase, more SDUSD can be issued. Compared to May’s data, Total SNEO Collateralized, Total SDUSD Issued and the Overall Mortgage Rate all increased.

The Total Service Fee Paid (SDS) is continuously increasing (almost 200% increase).

It’s the 4th month in a row with a big increase.

On 28th June, the Total SDUSD Issued reached a new high record of $144088.96

Due to NEO latest upgrade (https://neo.org/blog/details/4148), the Network Fee mechanism will be adjusted. Because of this upgrade, some users were unable to convert their SNEO back to NEO. The developers are working on a fix for this issue.

May 2019