Description
Coin98 Dollar (CUSD) is a stablecoin designed to ease transaction processes within the crypto ecosystem by maintaining a peg to the US dollar, thus avoiding cryptocurrency volatility. Developed by Coin98 Finance, CUSD runs on the Ethereum platform and acts as a cross-chain liquidity solution, promoting efficient, fast, and low-cost blockchain transactions. It is fully backed, with $1 worth of stablecoins like BUSD and USDC deposited for every CUSD minted. Launched in 2022, CUSD integrates deeply within the Coin98 ecosystem, including Coin98 Wallet, Exchange, and Space Gate, a cross-chain bridge. Despite its potential, its recent trading volume suggests low current usage, though its deployment is expanding across 34 active markets aiming to facilitate broader DeFi participation. CUSD supports Coin98's mission to boost financial inclusion and accessibility across a variety of web3 services, striving for a stable currency solution within a fluctuating digital economy.
Coin98 Dollar (CUSD) is a stablecoin designed to ease transaction processes within the crypto ecosystem by maintaining a peg to the US dollar, thus avoiding cryptocurrency volatility. Developed by Coin98 Finance, CUSD runs on the Ethereum platform and acts as a cross-chain liquidity solution, promoting efficient, fast, and low-cost blockchain transactions. It is fully backed, with $1 worth of stablecoins like BUSD and USDC deposited for every CUSD minted. Launched in 2022, CUSD integrates deeply within the Coin98 ecosystem, including Coin98 Wallet, Exchange, and Space Gate, a cross-chain bridge. Despite its potential, its recent trading volume suggests low current usage, though its deployment is expanding across 34 active markets aiming to facilitate broader DeFi participation. CUSD supports Coin98's mission to boost financial inclusion and accessibility across a variety of web3 services, striving for a stable currency solution within a fluctuating digital economy.
