DescriptionCelo Dollars (cUSD) are stablecoins that follow the US Dollar and are native to the Celo blockchain's Reserve system. The Celo Reserve is a system of smart contracts that uses a portfolio of cryptocurrencies to expand and contract the supply cUSD, similar to MakerDAO's lending protocol.
Category:algorithmic
Minting and RedemptionUsing the Mento app, $1 worth of CELO can be sent to the CELO reserve to mint 1 cUSD, and 1 cUSD can be burned to receive $1 worth of CELO.
Celo Dollar (CUSD)