CryptoCurrencies
15436
 Total Market Cap
3,584,630,734,037
 Volume 24h
327,658,833,259
 Dominance
BTC 54.40%   ETH 11.77%   USDT 3.70%   SOL 3.36%

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Coin98 Dollar
CUSD

1.160
$
0.54 %
Change 24h
Market Cap
$ 52,668
Volume 24h
$ 88.89
Circulating Supply
45,517
Total Supply
409,932
CUSD
$

Description

CUSD is a fully-backed stablecoin that aims to become a cross-chain unit of account that fulfills the demand for cross-chain liquidity in DeFi. In order to mint 1 CUSD, a total of $1 worth of the collateralized assets must be deposited into the CUSD Reserve smart contract. Specifically, in the initial phase, the collateral ratio to mint 1 CUSD will be $1 worth of fiat-backed stablecoins - BUSD (on BNB Chain) and USDC (on Solana and Ethereum).