Coin98 Dollar CUSD Price 0.16026160

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. What is the CUSD? The CUSD wants to become a cross-chain unit of account in order to fulfill the demand for cross-chain liquidity in Defi. There is a long-term mission for CUSD. CUSD is the default medium of exchange across all products built by Coin98 Finance to build a strong foundation of use cases. How does CUSD increase supply? There is a coin with assets in reserve. To convert $1 worth of assets to 1 CUSD, they must be sent into the CUSD Reserve smart contract. There is a redemption. 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 no charge to convert other stable coins into CUSD, as well as a small fee which can be adjusted based on market conditions in the future. There is a reserve for the CUSD. The CUSD is backed by all the stable coins that were sent to it. There are audits.