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Informative article from Paxos' Head of Portfolio Management on how stablecoin companies manage billions of dollars of swaps from stablecoins to USD bank accounts and vice-versa.
Celo Dollar (CUSD) Rises 0.16%, Outperforms the Crypto Market Thursday
Celo Dollar (CUSD): Does the Reward Outweigh the Risks?
Celo Dollar (CUSD): Does the Reward Outweigh the Risks?
Celo Dollar (CUSD), Low Volatility but Rising Sunday: Is it Time to Cash Out?
Celo Dollar (CUSD), Low Volatility but Rising Sunday: Is it Time to Cash Out?
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tldr; Bitwage, a global payroll and freelancer management platform, has integrated Tether USDT via the TRON network. This move aims to provide faster and cost-efficient payments to users and companies worldwide. Bitwage aims to prioritize user needs by offering flexibility in stablecoin payment allocation, including options like USDT, USDC, DAI, and CUSD. The integration of USDT via TRON is a response to the growing demand for seamless global payments. This addition to Bitwage's stablecoin options reaffirms their commitment to enhanced liquidity, efficiency, and convenience for users. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
That name is really not too catchy, but I suppose they couldn't go with CUSD as it would be confused with USDC
Coinbase should make their own stablecoin called CUSD “cussed”
What about the CandianDollar than? *CUSD*
If you look at the numbers from the link OP posted, even during a liquidity crisis today and yesterday FTX liquidated two times less funds than Binance. The biggest part of the plan to acquire FTX was to spread FUD first. FTX puts tether in a separate basket called USDT while joining well regulated stable coins (BUSD, CUSD etc.) in one basket called USD. They would want to mix them if they had fake USDT.
CUSD becasue of low fees to send payments.
This is great news, finally my CUSD will be of use
I honestly know very little about CUSD. I know it's "backed by Celo and other assets" but can't find any info around audits.
I see. Looks like there are a few coins like CUSD and CADX but I am not sure how reliable they are. BTC and ETH might be better choices then which I guess you already figured out :)
The project consist of multiple coins. CUSD and CEUR which are stablecoin assets, and then CGLD which is a more traditional untethered cryptocurrency. The crypto asset (CGLD) is often the top weekly gainer on coinmarketcap. The numbers don't lie... https://coinmarketcap.com/currencies/celo/
You could try using other coins too. There are: BUSD (Binance), CUSD (Coinbase), DAI (decentralized).
As of yesterday I spent 73$ of eth to stake 13 cents of CUSD on Coinbase
It’s very much vital though to adapt DYOR prior to invest or even after that, DCA investment would be much better rather than investing a whole heap of fiat. As the volatile nature of crypto itself depicts several patterns to hold or put more money along the journey to trade economically best, additionally, stabilizing in CUSD and CEUR would be much better!
I’m particularly a multi-pie fingerer, love to explore new alt coins, their offered potential, and trading spectrum. Most recently discovered Celo stable coins like CUSD, CEUR to transform the value towards stabilization and power.
Yeah, no doubt it is the time of Bull Run. One must have to DYOR fully and then aimed to jump on the train. As the stations are populated, the seats are now getting hard to find. But the journey or experience of the ride could potentially prove to be economically incentive rich. Additionally, also recommend to begin with stable coins like CUSD and CEUR!
Loved the idea of stable coins, that potentially preserve the underlying asset and its affiliated value as pegged with the respective currency or cryptocurrency. Would suggest Celo protocol stable coins as well such as CUSD and CEUR!
Well, it’s an intriguing espy over the crypto sectors, no doubt the DeFi will be utmost at revolution and combining several networks to strengthen this up more. While the supply chain, institutional finance and data oracles are the vital elements to keep the support up and in proper function. However, I spectate the stable coins to be of great importance as well, because of holding the underlying assets value like the Celo ones CUSD, CEUR etc.
Apologies, here is an accurate summary "Celo is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users. By using phone numbers as public keys, Celo hopes to introduce the world’s billions of smartphone owners, including those without banking access, to transacting in cryptocurrency. The network also allows for the creation of smart contracts and decentralized applications (DApps) as part of decentralized finance (DeFi). Its mainnet was launched in April 2020. The platform has two native tokens. CELO is a proof-of-stake (PoS) token used for transaction fees, governance participation and related activities. In future, the platform aims to host various stablecoins, with one, the Celo Dollar (CUSD), already in use."
Having your stablecoin generate yield is essential. Have you considered Yearn Lazy Ape (YLA), it looks fascinating, DeFi based cash-flow generating index composing of five Yearn v2 stablecoin Vaults LP tokens. The index contains $TUSD $USDT $USDC $BUSD $GUSD $CUSD. Each Vault LP token accumulates interest over time in stablecoins, offering diversified exposure to Vaults in a single token. The APY on staking YLA was about 36%, last I checked.
I am not holding at all !!! The dip is looking too scary coupled with recent death of btc, i chose to stake. I recently bought CVP using YLA from. That index contains a basket of $TUSD $USDT $USDC $BUSD $GUSD $CUSD. I believe i can earn massively 20%+ APY and farming $CVP at 30%+ APY. I have lost so much already ,i need to recoup my loses.
So be honest with me, should I dump my CELO/CUSD?
Help! What happened this morning woth CUSD? My brother was trading and suddenly price spiked to 10,000 - from near zero - and then back to near zero in a matter of maybe 1 to 2 seconds. I looked on KuCoin, CUSD/USDT price charts and sure enough its there. I looked at other chart sources and i dont see it. No news of it. It seems like a scam. My brother lost thousands of dollars in seconds. I know thats a risk in crypto, but this is so extreme and shows only in KuCoin (as far as i can tell. I took a screenshot but dont know how to post it. Does anyone know what could have caused this?
This is awesome - I love staking coins! It's a great incentive to HODL. Algo and Matic are two of my favorite. I believe CELO also allows a form of staking on the Valora wallet, provided you deposit $10CUSD first. I'm excited for ETH2.0 staking too.
You might want to take a look at CELO. What CELO does it using phone numbers instead of complex blockchain addresses to send and receive cryptos. It also have several dapps. It has a CUSD (stable CELO dollar), recently it announced CEUR (stable CELO Euro). It also recently have Tmobile invest in them.
It's part of the CELO earn program. One part you answer multiple choice. The second part is you make a Valora wallet to exchange CELO into CUSD (the stablecoin on CELO network). Part of the earn program is sending some to a friend using the Valora wallet. The earn program tracks the transactions and rewards you once you have completed the task. I figured "I'll send some to myself to see if it works". It does!
No, I’m not afraid of that. My gripe is I have CETH and CUSD stuck in there bc of the 163 dollars it costs to move it.