cUSDC (CUSDC)
Details about cUSDC cryptocurrency
€66,234,366 ( 0.09189%)
€3
3,013,379,759
3,013,379,759
42.852
Unknown
https://compound.finance/
@compoundfinance
18947x
€416.463
cUSDC price charts
CUSDC exchanges
cUSDC, the crypto
cUSDC (CUSDC) is a type of cryptocurrency that is a modified version of the USD Coin (USDC) stablecoin. It was created by Compound, an open-source money market protocol built on the Ethereum blockchain
The point
The main point of cUSDC (CUSDC) is to offer a way for investors to earn interest on their USDC holdings while still being able to use them for transactions or other investments. Users can deposit their USDC into the Compound protocol, which allows them to earn interest in the form of cUSDC tokens. These tokens can then be redeemed for USDC at any time, plus the accrued interest.
The problem
cUSDC (CUSDC) tries to solve the problem of low returns on stablecoin investments. While stablecoins like USDC are useful for their stability and ease of use in transactions, they do not offer any return on investment. cUSDC (CUSDC) allows investors to earn interest on their USDC holdings without sacrificing liquidity or ease of use.
Compare CUSDC and BTC performance
Timeframe | CUSDC | BTC |
---|---|---|
1h change | 0.224189 % | -0.0469625 % |
24h change | 0.25 % | -1.9067 % |
7 day change | 1.17 % | 3.32927 % |
14 day change | 1.51 % | -4.35112 % |
30 day change | 1.12 % | 22.9516 % |
200 day change | 2.08 % | 164.34 % |
Year change | 4.01 % | 155.003 % |