Decentralized Finance Protocol Coin98 Unveils Native Stablecoin CUSD

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Coin98 joins a growing roster of DeFi platforms to craft their own stablecoin to attract users and boost growth. sndr_krisztian reports

are a subset of cryptocurrencies that maintain their price stable to another asset, usually pegged to the U.S. dollar. They serve as an important bridge between government-issued currencies and crypto assets, and have seen tremendous growth in the last few years, now making up $152 billion of the $1 trillion crypto asset class.

Coin98 Dollar, also called CUSD, started trading Monday on three blockchains, namely Ethereum, BNB Smart Chain and Solana. “In the long run, CUSD will gradually expand into other DeFi ecosystems in the multi-chain world,” according to a Coin98 post. CUSD is a fully collateralized stablecoin that supports its value through Circle USDC and Binance USD held in a Coin98 reserve. Users can mint and redeem CUSD at a 1:1 ratio by depositing USDC or BUSD. At the initial phase, the CUSD’s supply will be capped at $50 million.

The stablecoin’s smart contract code has been audited by security firms Inspex, PeckShield and SlowMist, according to a

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

sndr_krisztian what reason community don't talk about it?

sndr_krisztian Yeah, only if all these algo stablecoins don't disappear completely and at the end there will only be usdt

sndr_krisztian

sndr_krisztian $mikoto

sndr_krisztian bitDAO is more than ready to support any builder that has an innovative or groundbreaking DeFi project or protocol, by allocating funs from the largest DAO directed treasury

sndr_krisztian hzmcoin launched the first integrated Arab metaverse 🚀 nemolandkingdom 🔥You can buy lands now 👑 Nemoland developers have added ✔ unique services ✔ Live Chat ✔ Search Button 👇 login Metamask/erc20/USDT HZMCOIN🚀🚀 malarab1

sndr_krisztian thnnks!

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 291. in BE

Belgique Dernières Nouvelles, Belgique Actualités