Coin98 Dollar, the crypto
Coin98 Dollar (CUSD) is a stablecoin launched in 2020 by Coin98 Finance, a decentralized finance (DeFi) platform built on the Ethereum blockchain. It is pegged 1:1 to the value of the U.S. dollar.
The main point of Coin98 Dollar (CUSD) is to provide a stable and secure way for users to hold and transfer value within the decentralized finance ecosystem. CUSD can be used in various DeFi applications, such as trading, lending, borrowing, and staking, without worrying about price volatility.
Coin98 Dollar (CUSD) tries to solve the problem of price instability and volatility that affects many cryptocurrencies. By pegging its value to that of the U.S. dollar, CUSD provides a reliable store of value and a stable medium of exchange that can be used in various DeFi applications without fear of currency fluctuations.
We used an AI to answer three questions about CUSD, so take this info with a grain of salt.