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Bits

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Bitcoin

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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). 


Coin98 Dollar

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CUSD	USD
0.1	0.08118450758
1	0.81184507586
2	1.62
5	4.06
10	8.12
20	16.24
50	40.59
100	81.18
1000	811.85

USD	CUSD
0.1	0.12317621055
1	1.23
2	2.46
5	6.16
10	12.32
20	24.64
50	61.59
100	123.18
1000	1,231.76

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