Celo Dollar Price
CUSD
How Much is 1 Celo Dollar (CUSD)
Convert CUSD to your currency
Last Updated on Dec 28, 2025 08:58 AM
What is Celo Dollar?
About the coin
Celo Dollars (cUSD) are a stablecoin designed to maintain a value equivalent to the US Dollar. They are part of the Celo ecosystem, which aims to make financial tools accessible to anyone with a mobile phone. cUSD is built on the Celo blockchain and is compatible with the ERC-20 standard, allowing it to be used across various platforms and applications that support Ethereum tokens.
Main features
One of the main features of cUSD is its stability, as it is pegged to the US Dollar. This makes it a reliable medium of exchange and store of value, especially in regions with volatile local currencies. Additionally, cUSD transactions are designed to be fast and cost-effective, leveraging the Celo blockchain's efficiency. The mobile-first approach of Celo ensures that users can easily send and receive cUSD using their smartphones, making it accessible to a broader audience.
How it works
Celo Dollars operate on the Celo blockchain, which uses a proof-of-stake consensus mechanism to secure transactions. Users can acquire cUSD through exchanges or by converting other cryptocurrencies within the Celo ecosystem. Once acquired, cUSD can be used for various purposes, including remittances, payments, and savings. The Celo platform also supports smart contracts, enabling developers to create decentralized applications that utilize cUSD for various financial services.
Tangem supports networks for Celo Dollar
Temporarily not supported
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Celo Dollar FAQ
- Celo Dollar is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- Yes, both names point to the same token. CUSD is just the shorthand symbol used for market and wallet displays.
- April 2020: Celo Mainnet LaunchCelo officially launches its Mainnet on Earth Day, marking its debut as a Layer 1 blockchain network.
- Celo isa platform acting as a global payment infrastructure for cryptocurrencies that aims to target mobile users. To this end, Celo's goal is for financial activity to be accessible to anyone globally thanks to its ability for payments to be sent to and from any phone number in the world.
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