Coin98 Dollar (cusd) is currently priced at $0.35 USD. The price has increased 0.01% in the last 24 hours. It has a market capitalization of $13,087.359. Fully diluted valuation: $13,087.359. Circulating supply is 37,511 cusd. Total supply is 37,511 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. 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).