Celo Dollar token
Overview
Celo Dollar (cUSD) is a stablecoin issued on the Celo blockchain, designed to maintain a soft peg to the US dollar through a decentralized mechanism of reserve assets and token supply adjustments. It is used for payments, remittances, and as a medium of exchange within the Celo ecosystem, which prioritizes mobile accessibility and financial inclusion.
Within the DeFi Intel graph, Celo Dollar connects to 5 tracked entities, most strongly to Mento Labs, Bitcoin (BTC), Ether (ETH).
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Mento Labs | 95% |
backed_by | Bitcoin (BTC) | 90% |
backed_by | Ether (ETH) | 90% |
deployed_on | Celo | 90% |
backed_by | Celo Native | 90% |
Frequently asked questions
What is Celo Dollar?
Celo Dollar (cUSD) is a stablecoin issued on the Celo blockchain, designed to maintain a soft peg to the US dollar through a decentralized mechanism of reserve assets and token supply adjustments.
What backs Celo Dollar?
Celo Dollar is backed by Celo Native, Bitcoin (BTC), and Ether (ETH).
Who issued Celo Dollar and on which blockchain is it deployed?
Celo Dollar was issued by Mento Labs and is deployed on the Celo blockchain.