Last updated at 2022/10/04
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Celo Dollar, $CUSD

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$51M
Market Cap 7d %
-1.27%
Market Cap 30d %
-0.94%
Volume 24h
$526.3K
Volume 7d
$4.4M
Mechanism
Hybrid
Governance
Decentralized
Issuer
Celo Reserve
Jurisdiction
n.a.

Celo Dollar is an algorithmic and cryptocurrency-backed stablecoin issued by the Celo Reserve pegged 1:1 to USD. Its main purpose are peer-to-peer payments as the overall Celo ecosystem targets a mobile-first payment infrastructure. The stability mechanism is based on an algorithm as well as on-chain over-collateralization with digital assets. Arbitrageurs can always mint & redeem Celo Dollar at a value of $1 in CELO token. Celo holds a large reserve mainly in CELO tokens but also other digital assets to provide stability to the stablecoin.

Risks

  • Smart contract risk
  • Risk of devaluation of on-chain collateral due to high-volatility
  • Risk of a negative contagion effect in case of any of the centralized stablecoins in the collateral vaults de-peg
  • Risk of death spiral on Celo token in case of a bank run and crashing collateral valuations
  • Loss of funds due to de-peg

$CUSD Newsticker

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