Compound USD Coin Self Reported Market Cap Hits $608.40 Million (CUSDC)

Compound USD Coin (CUSDC) traded 0% higher against the dollar during the twenty-four hour period ending at 23:00 PM E.T. on May 26th. Compound USD Coin has a market capitalization of $608.40 million and $5.29 million worth of Compound USD Coin was traded on exchanges in the last 24 hours. One Compound USD Coin token can now be purchased for about $0.0229 or 0.00000086 BTC on popular exchanges. Over the last seven days, Compound USD Coin has traded 0% higher against the dollar.

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

• KILT Protocol (KILT) traded up 2.5% against the dollar and now trades at $0.35 or 0.00001292 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded up 0% against the dollar and now trades at $0.0017 or 0.00000006 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.3% higher against the dollar and now trades at $0.0004 or 0.00000002 BTC.
• Lego Coin (LEGO) traded 7.3% lower against the dollar and now trades at $0.0147 or 0.00000055 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 2.2% against the dollar and now trades at $0.0088 or 0.00000033 BTC.

Compound USD Coin Token Profile

Compound USD Coin launched on 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. The Reddit community for Compound USD Coin is https://reddit.com/r/compound and the currency’s Github account can be viewed here. The official message board for Compound USD Coin is medium.com/compound-finance. Compound USD Coin’s official website is compound.finance. 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 possible to buy alternative cryptocurrencies such as Compound USD Coin directly using U.S. dollars. Investors seeking to trade Compound USD Coin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Compound USD Coin using one of the exchanges listed above.

CUSDC/USD price chart by TradingView