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Compound USD Coin

CUSDC

Trade Compound USD Coin on DEX

Compound USD Coin can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

Market

Market stats

Market cap

-

Volume (24h)

-

Circulating supply

-

All time high

$0.0229

Price change (1h)

0%

Price change (24h)

0%

Price change (7d)

0%

About Compound USD Coin

The cUSDC token is a record of USDC digital dollars that are added on the Compound protocol. Compound is an Ethereum blockchain protocol that creates pools of assets with algorithmically calculated yield rates based on asset supply and demand. Asset suppliers (and borrowers) use the protocol directly, earning (and paying) a floating yield rate without having to negotiate with a peer or counterparty.

Each asset managed by the compound protocol is integrated by the cToken contract, an EIP20 compliant representation of the balance delivered to the protocol. EIP-20 is an Ethereum token standard that allows the implementation of a specified API (application programming interface) for tokens within smart contracts.

The cUSDC is a type of cToken. A cToken is the essential means of interacting with Compound protocols. If users want to mint, redeem, borrow, or transfer a cToken, they need to use the cToken contract. By creating a cToken, users can use it as collateral and earn rewards through the cToken exchange rate, which is highly valued for the underlying asset. The cToken is used as collateral for other liquidity pools or exchanged for other crypto assets. Traditional consumer finance does not include such transactions. The reward is within the asset cUSDC and not to the asset owner.

When users add USDC, they receive the corresponding cUSDC token. Anyone holding a cUSDC or other cToken earns a prevailing market yield rate. Gains are not sent to lendors but are expressed at the cTokens exchange rate. For example, over time, each cToken can be converted into an increasing amount of its underlying asset, USDC. The number of cTokens in the wallet remains the same. The cUSDC can be traded in the same way as any other digital asset. 

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Compound USD Coin price is unchanged in the past week.

The current price is $0.0229 per CUSDC with a 24-hour trading volume of $0.00. The new price represents a new all time high of $0.0229. This all-time high is the highest price paid for Compound USD Coin since its launch.

The current circulating supply of Compound USD Coin is 0 CUSDC which means that Compound USD Coin has as total market cap of 0.

FAQ

What is the current price of Compound USD Coin?

We update our Compound USD Coin to USD currency in real-time. Get the live price of Compound USD Coin on Coinbase.

What is the market cap of Compound USD Coin?

The current market cap of Compound USD Coin is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Compound USD Coin?

The all-time high of Compound USD Coin is $0.0229. This all-time high is highest price paid for Compound USD Coin since it was launched.

What is the 24 hour trading volume of Compound USD Coin?

Over the last 24 hours, the trading volume of Compound USD Coin is $0.00.

What other assets are similar to Compound USD Coin?

Assets that have a similar market cap to Compound USD Coin include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Compound USD Coin are there?

The current circulating supply of Compound USD Coin is 0.

Can I buy Compound USD Coin on Coinbase?

Yes, Compound USD Coin is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Compound USD Coin guide.

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