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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

Celo Dollar (cUSD): A Stablecoin Within The Celo Blockchain Ecosystem

Decentralized Finance Protocol Coin98 Unveils Native Stablecoin CUSD

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