Coin98 Dollar
CUSD

0.9994
$
0.47 %
Change 24h
Market Cap
$ 2,402,411
Volume 24h
$ 54,409
Circulating Supply
2,402,909
Total Supply
378,426
CUSD
$
# Exchange Pair Price Volume 24h

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).