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

Compound USD Coin (CUSDC) traded flat against the dollar during the 1 day period ending at 15:00 PM Eastern on November 20th. One Compound USD Coin token can now be purchased for approximately $0.0229 or 0.00000078 BTC on popular exchanges. Compound USD Coin has a total market capitalization of $608.96 million and $5.04 million worth of Compound USD Coin was traded on exchanges in the last day. During the last week, Compound USD Coin has traded flat against the dollar.

Here is how similar cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded up 10.7% against the dollar and now trades at $0.37 or 0.00000983 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 down 2.2% 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 15.5% lower against the dollar and now trades at $0.0007 or 0.00000002 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded 0% higher against the dollar and now trades at $0.0049 or 0.00000013 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 1.9% lower against the dollar and now trades at $0.0084 or 0.00000022 BTC.

About Compound USD Coin

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

CUSDC/USD price chart by TradingView