About Compound USD Coin
Market Stats
Market Cap
$37,413,907.57
FDV
No data
Circulating Supply
1,514,217,530.213 CUSDC
Max Supply
No data
Total Supply
1,514,217,530.213 CUSDC
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$169.00
-0.92%
All time high
$0.22
Additional info about Compound USD Coin
Networks and details
The price of Compound USD Coin has increased by 0.00% in the last hour and increased by 0.03% in the past 24 hours. Compound USD Coin’s price has also risen by 0.11% in the past week. The current price is $0.0247 per CUSDC with a 24-hour trading volume of $169.00. Currently, Compound USD Coin is valued at 88.82% below its all time high of $0.22. This all-time high was the highest price paid for Compound USD Coin since its launch.
The current circulating supply of Compound USD Coin is 1,514,217,530.213 CUSDC which means that Compound USD Coin has as total market cap of $37,413,907.57.
Price history
Today | $0.0247 | ↗ 0.03% |
1 Day | $0.0247 | ↗ 0.03% |
1 Week | $0.0247 | ↗ 0.11% |
1 Month | $0.0246 | ↗ 0.56% |
1 Year | $0.0229 | ↗ 7.87% |
Market details
Performance against other markets | ↘ 34.89% |
Performance against BTC | ↘ 42.73% |
Performance against ETH | ↗ 15.85% |
Performance in the past year | ↗ 7.89% |
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.
We update our Compound USD Coin to USD currency in real-time. Get the live price of Compound USD Coin on Coinbase.
The current market cap of Compound USD Coin is $37.41M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Compound USD Coin is $0.22. This all-time high is highest price paid for Compound USD Coin since it was launched.
Over the last 24 hours, the trading volume of Compound USD Coin is $169.00.
Assets that have a similar market cap to Compound USD Coin include Puriever, Stabilize, Mover, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Compound USD Coin is 1.5 billion.
Social stats
Popularity in posts
#3752
Contributors
0
Posts
0
% About Compound USD Coin
0%
Hold times
0 days
X (Twitter)
0% bullish
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.
Highlights
0 unique individuals are talking about Compound USD Coin and it is ranked #3,752 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 0 out of 5. Finally, Compound USD Coin is becoming more newsworthy, with 0 news articles published about Compound USD Coin. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Compound USD Coin. There were 0% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Compound USD Coin. 100% of tweets were neutral about Compound USD Coin. These sentiments are based on 27 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 more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.