About Compound USD Coin
Market Stats
Market Cap
$30.56M
-0.36%
FDV
Not enough data
Circ. Supply
1.2B CUSDC
Max Supply
Not enough data
Total Supply
1.2B CUSDC
Diluted Valuation
$30.57M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$1.33K
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0254
Price Change (1Y)
Not enough data
3.85%
Additional details
Market details
CUSDC vs markets
↗ 13.02%
CUSDC vs BTC
↗ 14.99%
CUSDC vs ETH
↗ 25.96%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x39AA39c021dfbaE8faC545936693aC917d5E7563 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0253 | ↘ 0.10% |
1 Day | $0.0253 | ↘ 0.10% |
1 Week | $0.0253 | ↘ 0.07% |
1 Month | $0.0253 | ↗ 0.07% |
1 Year | $0.0244 | ↗ 3.85% |
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.
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Social stats
Popularity in posts
#4655
Contributors
3
Posts
3
% About Compound USD Coin
0.002%
Articles
0
X (Twitter)
7.69% bullish
Sentiment
5.0 ★
Highlights
3 unique individuals are talking about Compound USD Coin and it is ranked #4,655 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 5.0 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 neutral about Compound USD Coin. There were 7.69% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Compound USD Coin. 92.31% of tweets were neutral about Compound USD Coin. These sentiments are based on 13 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.
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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.