Compound USD Coin Achieves Self Reported Market Capitalization of $608.96 Million (CUSDC)

Compound USD Coin (CUSDC) traded flat against the U.S. dollar during the 1-day period ending at 15:00 PM Eastern on November 17th. Compound USD Coin has a market capitalization of $608.96 million and approximately $5.04 million worth of Compound USD Coin was traded on exchanges in the last 24 hours. One Compound USD Coin token can currently be purchased for about $0.0229 or 0.00000078 BTC on popular cryptocurrency exchanges. During the last seven days, Compound USD Coin has traded flat against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 11.5% higher against the dollar and now trades at $0.45 or 0.00001222 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded 1.5% lower against the dollar and now trades at $0.0008 or 0.00000002 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded up 0% against the dollar and now trades at $0.0049 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1% against the dollar and now trades at $0.0085 or 0.00000023 BTC.

About Compound USD Coin

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. 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. 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.

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

CUSDC/USD price chart by TradingView