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Celo Dollar cUSD

42220 · Algorithmic Stablecoin · Decentralized Finance · Fiat-backed Stablecoin · Stablecoins · USD Stablecoin

cUSD is a USD-pegged stablecoin issued by the Mento Protocol on the Celo network. It is minted by users sending CELO or other reserve assets to the protocol, with those assets held as collateral in the Mento Reserve. Users can burn cUSD by redeeming it for its equivalent value in CELO, creating arbitrage opportunities that help maintain the peg through algorithmic supply adjustments.

Full contract · 422200x765de816845861e75a25fca122bb6898b8b1282a
Website ↗https://celo.org/X ↗https://x.com/mentolabs
Current price$1.00+0.06% · 24h
Circulating market cap$14.26M
Fully diluted valuation$14.33M
Total token liquidity$701.62K
24h volume$749.96K
Holder address count5.29MAddress count, not unique users
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01 / Market

Trading volume and liquidity

24h volume $749.96K · Total token liquidity $701.62K。

Volume / current liquidity 106.89%

Volume is a flow over a period; liquidity is a stock at a point in time.

02 / Structure

Supply and valuation

Circulating market cap $14.26M · FDV $14.33M。

The two valuations are not yet comparable; their original values are shown separately.

About the project · Celo Dollar

Algorithmic Stablecoin · Decentralized Finance · Fiat-backed Stablecoin · Stablecoins · USD Stablecoin

cUSD is a USD-pegged stablecoin issued by the Mento Protocol on the Celo network. It is minted by users sending CELO or other reserve assets to the protocol, with those assets held as collateral in the Mento Reserve. Users can burn cUSD by redeeming it for its equivalent value in CELO, creating arbitrage opportunities that help maintain the peg through algorithmic supply adjustments.