DescriptionCUSD is a decentralized stablecoin that is fully collateralized by assets in reserve

Category:crypto-backed

Minting and RedemptionIn order to convert to 1 CUSD, a total of $1 worth of the collateralized assets must be sent into the CUSD Reserve smart contract. Specifically, in the initial phase, the collateral ratio to convert to 1 CUSD will be $1 worth of fiat-backed stablecoins - BUSD (on BNB Chain) and USDC (on Solana and Ethereum)