CryptoCurrencies
900
 Total Market Cap
2,968,227,702,223
 Volume 24h
129,519,612,345
 Dominance
BTC 64.57%   ETH 11.20%   XRP 5.05%   USDT 4.80%

Coin98 Dollar
CUSD

1.150
$
0.77 %
Change 24h
Market Cap
$ 52,162
Volume 24h
$ 88.04
Circulating Supply
45,517
Total Supply
45,517
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).