Crypto Rank | Name | Current Price | 24h Price Change | Total Supply | Circulating Supply | |
---|---|---|---|---|---|---|
5858 |
CUSD
Coin98 Dollar
CUSD
| $ 1.06 | + 0.42% | 45 517 | 45 517 | Start Trading |
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).