About Compound USD Coin
Trading Insights
Searched
3
Market Stats
Market Cap
Not enough data
0.19%
FDV
Not enough data
Circ. Supply
1.3B CUSDC
Max Supply
Not enough data
Total Supply
1.3B CUSDC
Diluted Valuation
$31.90M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0253
Price Change (1Y)
4.16%
Additional details
Market details
CUSDC vs markets
↘ 38.84%
CUSDC vs BTC
↘ 33.81%
CUSDC vs ETH
↘ 33.26%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x39AA39c021dfbaE8faC545936693aC917d5E7563 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0253 | ↗ 0.01% |
1 Day | $0.0253 | ↗ 0.01% |
1 Week | $0.0252 | ↗ 0.04% |
1 Month | $0.0252 | ↗ 0.20% |
1 Year | $0.0242 | ↗ 4.16% |
FAQ
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.
Compound Finance, the organization behind Compound protocol, was founded in August 2017 by Geoffrey Hayes and Robert Leshner.
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#3853
Contributors
15
Posts
15
% About Compound USD Coin
0.002%
Hold times
0 days
X (Twitter)
72.73% bullish
Sentiment
4.5 ★
Highlights
15 unique individuals are talking about Compound USD Coin and it is ranked #3,853 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Compound USD Coin has an average sentiment score of 4.5 out of 5. Finally, Compound USD Coin is becoming less newsworthy, with 0 news articles published about Compound USD Coin.
On Twitter, people are mostly bullish about Compound USD Coin. There were 80% of tweets with bullish sentiment compared to 10% of tweets with a bearish sentiment about Compound USD Coin. 20% of tweets were neutral about Compound USD Coin. These sentiments are based on 77 tweets.
On Reddit, Compound USD Coin was mentioned in 0 Reddit posts and there were 0 comments about Compound USD Coin. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Compound USD Coin calculator
Related assets
Discover popular crypto to currency conversions
Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.