Compound USD Coin (CUSDC) Self Reported Market Cap Reaches $240.02 Million

Compound USD Coin (CUSDC) traded 60.6% lower against the U.S. dollar during the 24-hour period ending at 0:00 AM ET on March 18th. One Compound USD Coin token can now be bought for $0.0090 or 0.00000033 BTC on popular cryptocurrency exchanges. Compound USD Coin has a market capitalization of $240.02 million and approximately $5.08 million worth of Compound USD Coin was traded on exchanges in the last 24 hours. During the last seven days, Compound USD Coin has traded down 59.7% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded down 9.3% against the dollar and now trades at $0.40 or 0.00001488 BTC.
• Aidi Finance (BSC) (AIDI) traded 0.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 1.9% against the dollar and now trades at $0.0667 or 0.00000246 BTC.
• CareCoin (CARES) traded down 1.9% against the dollar and now trades at $0.0827 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded up 47.8% against the dollar and now trades at $0.0012 or 0.00000005 BTC.
• Kitty Inu (KITTY) traded down 1.9% against the dollar and now trades at $98.93 or 0.00365664 BTC.
• FEG Token (FEG) traded 1.9% lower against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded down 1.3% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded down 1.9% against the dollar and now trades at $7,190.88 or 0.26577750 BTC.
• Lego Coin (LEGO) traded up 21.2% against the dollar and now trades at $0.0171 or 0.00000063 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 website is compound.finance. 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 Twitter account is @compoundfinance and its Facebook page is accessible here.

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 presently possible to buy alternative cryptocurrencies such as Compound USD Coin directly using U.S. dollars. Investors seeking to acquire Compound USD Coin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Compound USD Coin using one of the aforementioned exchanges.

CUSDC/USD price chart by TradingView