Compound USD Coin (CUSDC) Price Reaches $0.0229 on Exchanges

Compound USD Coin (CUSDC) traded flat against the US dollar during the twenty-four hour period ending at 21:00 PM Eastern on December 28th. During the last seven days, Compound USD Coin has traded flat against the US dollar. One Compound USD Coin token can now be bought for about $0.0229 or 0.00000054 BTC on major exchanges. Compound USD Coin has a total market capitalization of $609.30 million and $5.04 million worth of Compound USD Coin was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

  • KILT Protocol (KILT) traded 5.5% lower against the dollar and now trades at $0.43 or 0.00001004 BTC.
  • Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded 0% lower against the dollar and now trades at $0.0040 or 0.00000009 BTC.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded down 2.2% against the dollar and now trades at $0.0077 or 0.00000018 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Compound USD Coin

Compound USD Coin’s genesis date was July 8th, 2020. Compound USD Coin’s total supply is 26,605,059,821 tokens and its circulating supply is 26,605,059,812 tokens. Compound USD Coin’s official Twitter account is @compoundfinance and its Facebook page is accessible here. Compound USD Coin’s official message board is medium.com/compound-finance. The Reddit community for Compound USD Coin is https://reddit.com/r/compound and the currency’s Github account can be viewed here. Compound USD Coin’s official website is compound.finance.

According to CryptoCompare, “Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.

Each money market is unique to an Ethereum asset (such as Ether, an ERC-20 stablecoin such as Dai, or an ERC-20 utility token such as Augur), and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.

cUSDC is the Compound’s wrapped version of USDC and it’s available on the Compound platform.”

Buying and Selling Compound USD Coin

It is usually not possible to buy alternative cryptocurrencies such as Compound USD Coin directly using U.S. dollars. Investors seeking to trade Compound USD Coin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Compound USD Coin using one of the exchanges listed above.

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