Algorand vs US Dollar
Available to platforms
MetaTrader 4Available to account types
ProCentProECNPrime
Algorand (ALGO) is a pure proof-of-stake Layer 1 blockchain built for speed, security, and genuine decentralisation without forks. Founded by MIT professor and Turing Award winner Silvio Micali, Algorand achieves instant transaction finality at 10,000+ TPS, with costs measured in fractions of a cent. ALGO/USD carries some of the strongest academic credentials of any blockchain project. Algorand has secured institutional-grade deployments including stablecoin infrastructure, carbon credit tokenisation, and CBDC development – most notably the Marshall Islands' sovereign digital currency. The Algorand Foundation drives ecosystem growth, focusing on real-world asset tokenisation and financial inclusion in emerging markets. ALGO is used for transaction fees, staking, and governance. CFD trading on ALGO/USD provides access to a technically rigorous, institutionally positioned Layer 1 network.
ALGOUSD specifications
| Name | Value |
|---|---|
| Name | Algorand vs US Dollar |
| 1 Pip Size | 0.0001 |
| Size of 1 lot | 10000 coins |
| Minimum spread (pips) | 0 |
| Avg. spread (pips) | 1.49 |
| Swap short (%) | -20 |
| Swap long (%) | -20 |
| Commission | 1000 / mio |
| Fixed leverage | 1:50 |
| Hedged margin | 50% |
| Minimum contract size (lot) | 0.01 |
| Contract size minimum increment (lot) | 0.01 |
| Minimum price increment (tick size) | 0.01 |
| The time of trading session | 00:00-24:00 |
| Term currency | USD |
| 3-days swap | Friday |
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