Coin98 Dollar CUSD Price 0.98767141

There is a As the world of multi-chain expands, it drives up the demand for moving assets among different chains by a large margin; however, the major issue of fragmented liquidity also arises. There is a CUSD, what is it? There is a CUSD aims to become a cross-chain unit of account in order to fulfill the demand for cross-chain liquidity in Defi. CUSD has a long-term mission. To build a strong foundation of use cases for CUSD within the Coin98 Ecosystem, we need to center CUSD as the default medium of exchange across all products built by Coin98 Finance. There is a How does CUSD increase supply? There is a CUSD is a stable coin with assets in reserve. A total of $1 worth of assets must be sent into the CUSD Reserve smart contract in order to convert to 1 CUSD. There is a Redemption. There is a All CUSD can be redeemed directly for the stable coin in reserve, which is the key mechanism allowing CUSD to achieve stability in the early stage. There is a In the CUSD mechanism, there will be no charge to convert other stable coins into CUSD, as well as a small fee of 0.5% which can be adjusted based on market conditions in the future. There is a The reserve of the CUSD. There is a CUSD is backed by all the stable coins that were sent to it. There is a There are audits. There is a There is a There are more details on the website.