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cUSDC

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About cUSDC

Compound is an open-source, autonomous protocol built for developers, to unlock a universe of new financial applications. Interest and borrowing, for the open financial system.

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CUSDC History / Information / Buying / Staking

  • CUSDC HISTORY

    The platform was developed by former economist Robert Leshner, the founder and CEO of the company. Compound is a San Francisco-based project that started growing fast in 2019. The explosive growth followed in 2020 with the popularity of decentralized finance. Developed by the in-house team, the interest rates of cUSDC are created on the basis of algorithmic calculations depending upon the supply and demand.

  • HOW CUSDC WORKS

    cUSDC is a record of your digital dollars USDC deposited to the Compound protocol. When you deposit USDC, you receive corresponding cUSDC tokens. Anyone who holds cUSDC or any other cTokens earns the prevailing market interest rate.

  • BENEFITS OF USING CUSDC

    Some of the benefits of using CUSDC are:

    PRICE STABILITY

    LOTS OF LIQUIDITY

    GOOD REPUTATION BACKED BY CIRCLES ASSESTS

  • COINS SIMILAR TO CUSDC

    Direct competition to Cusdc which are considered similar coins are:
    TETHER TRUEUSDUSDCOIN DAI