CUSD

Coin98 DollarCUSD

Rank #9438
Token
On 52 watchlists

Coin98 Dollar Price (CUSD)

$1.00
0.94%

0.00005305 BTC3.26%

0.0007628 ETH2.18%

Low:$0.9927
High:$1.00
24h
CUSD  Coin98 Dollar CUSD
Price:
$1.00
 0.94%
Market Cap
$346,694
0.00%
Fully Diluted Market Cap
- -
Volume
24h
- -
Volume / Market Cap
--
Self Reported Circulating Supply
345,421.68 CUSD

Why is there no Total Supply? 

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Coin98 Dollar to USD Chart

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CUSD to USD Converter

CUSD

Coin98 Dollar

USD

United States Dollar

CUSD Price Statistics

Coin98 Dollar Price Today
Coin98 Dollar Price$1.00
Price Change24h$0.009382
0.94%
24h Low / 24h High
$0.9927 /
$1.00
Trading Volume24hNo Data
Volume / Market Cap<0.000000000001
Market Dominance0.00%
Market Rank#9438
Coin98 Dollar Market Cap
Market Cap$346,693.57
Fully Diluted Market CapNo Data
Coin98 Dollar Price Yesterday
Yesterday's Low / High
$0.9766 /
$1.01
Yesterday's Open / Close
$1.01 /
$0.9942
Yesterday's Change

1.23%

Yesterday's VolumeNo Data
Coin98 Dollar Price History
7d Low / 7d High
$0.9766 /
$1.01
30d Low / 30d High
$0.9766 /
$1.01
90d Low / 90d High
$0.9766 /
$1.01
52 Week Low / 52 Week High
$0.9766 /
$1.01
All Time High
Sep 22, 2022 (2 days ago)
$1.01
1.01%
All Time Low
Sep 23, 2022 (a day ago)
$0.9766
2.77%
Coin98 Dollar ROI
No Data
Coin98 Dollar Supply
Circulating Supply345,422 CUSD
Total SupplyNo Data
Max SupplyNo Data

CUSD to USD Converter

CUSD

Coin98 Dollar

USD

United States Dollar

CUSD Price Live Data

The live Coin98 Dollar price today is $1.00 USD with a 24-hour trading volume of not available. We update our CUSD to USD price in real-time. Coin98 Dollar is up 0.94% in the last 24 hours. The current CoinMarketCap ranking is #9438, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

Coin98 Dollar (CUSD) is the next building block in the Coin98 Ecosystem - a brand new unit of account for the cross-chain economy.

As the world of multi-chain expands, it drives up the demand for moving assets among different chains by a large margin; however, the major issue of fragmented liquidity also arises. CUSD was born to effectively tackle the issue of fragmented liquidity, as a unit of account that measures the value of all the cross-chain liquidity pools in the network Coin98 is building.

What is CUSD?

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. Needless to say, CUSD brings up an ambitious, long-term mission. To achieve this, our initiative is to build a strong foundation of use cases for CUSD within the Coin98 Ecosystem, first by centering CUSD as the default medium of exchange across all products that Coin98 Finance built. In the long run, CUSD will gradually expand into other DeFi ecosystems in the multi-chain world.

How does CUSD expand supply?

CUSD is a decentralized stablecoin that is fully collateralized by assets in reserve. In order to convert to 1 CUSD, a total of $1 worth of the collateralized assets must be sent into the CUSD Reserve smart contract. Specifically, in the initial phase, the collateral ratio to convert to 1 CUSD will be $1 worth of fiat-backed stablecoins - BUSD (on BNB Chain) and USDC (on Solana and Ethereum).

1:1 Redemption

All CUSD can be redeemed 1:1 directly for the previously collateralized stablecoin in reserve, which is the key mechanism allowing CUSD to achieve stability in the early stage.

In the CUSD mechanism, it is worth noting that converting other stablecoins into CUSD will be free of charge; meanwhile, a small fee of 0.5% is initially incurred on top of each redeeming transaction value and can be adjusted based on market conditions in the future.

CUSD Reserve

CUSD is fully backed by all the supported stablecoin assets that were sent to the CUSD Reserve smart contract. All backing assets are maintained in the contract to ensure that all users can redeem them at any time.

Audits

CUSD contracts have been under the assessment of highly trusted auditors, and the audit reports were already made public to all audiences at https://docs.coin98.com/audits/coin98-dollar.

More details: https://blog.coin98.com/introducing-cusd/

CUSD to USD Converter

CUSD

Coin98 Dollar

USD

United States Dollar

CUSD Price Statistics

Coin98 Dollar Price Today
Coin98 Dollar Price$1.00
Price Change24h$0.009382
0.94%
24h Low / 24h High
$0.9927 /
$1.00
Trading Volume24hNo Data
Volume / Market Cap<0.000000000001
Market Dominance0.00%
Market Rank#9438
Coin98 Dollar Market Cap
Market Cap$346,693.57
Fully Diluted Market CapNo Data
Coin98 Dollar Price Yesterday
Yesterday's Low / High
$0.9766 /
$1.01
Yesterday's Open / Close
$1.01 /
$0.9942
Yesterday's Change

1.23%

Yesterday's VolumeNo Data
Coin98 Dollar Price History
7d Low / 7d High
$0.9766 /
$1.01
30d Low / 30d High
$0.9766 /
$1.01
90d Low / 90d High
$0.9766 /
$1.01
52 Week Low / 52 Week High
$0.9766 /
$1.01
All Time High
Sep 22, 2022 (2 days ago)
$1.01
1.01%
All Time Low
Sep 23, 2022 (a day ago)
$0.9766
2.77%
Coin98 Dollar ROI
No Data
Coin98 Dollar Supply
Circulating Supply345,422 CUSD
Total SupplyNo Data
Max SupplyNo Data