Coin98 Dollar CUSD
CUSD
0.9922
$
0.52 %
Change 24h
Market Cap
$ 2,019,057
Volume 24h
$ 10,849
Circulating Supply
2,033,516
Total Supply
451,593
CUSD
$
| # | Exchange | Pair | Price | Volume 24h |
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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).