REQUSD denotes the market price of Request Network (REQ) expressed in US dollars. It shows how much one unit of the REQ token is worth in USD at any given time and is used to quote trades, calculate portfolio values, and benchmark performance against fiat currency.
Request Network is a blockchain-based payment and invoicing protocol whose native token is REQ, an ERC-20 cryptocurrency launched following an initial token sale in 2017. Developed by the Request Network team, the project aims to facilitate decentralized invoicing, payments and accounting on Ethereum. The token operates within a permissionless framework and was issued with a fixed total supply to support on-chain utility and network incentives.
The REQUSD rate is determined by market forces across spot exchanges where REQ is listed. Order book dynamics, liquidity on individual venues, investor sentiment, trading activity, and broader macro and crypto-market developments all influence the quoted price. News, regulatory shifts, and changes in demand for payment-layer solutions can cause rapid re-pricing.
REQUSD is important for traders and investors who seek exposure to Request Network, enabling fiat-denominated valuation, trading, hedging, and arbitrage. It also provides a reference for assessing the token’s market adoption and utility relative to other assets.
As with many altcoin pairs, REQUSD can exhibit elevated volatility and liquidity profiles that vary by exchange, affecting spreads, execution risk and short-term trade strategies.