The current real-time price of CUSDC is $0.0253. In the past 24 hours, CUSDC has traded between $0.0253 and $0.0253, showing strong market activity. The all-time high of CUSDC is $0.2209, and the all-time low is $0.0062.
From a short-term perspective, the price change of CUSDC over the past 1 hour is , over the past 24 hours is -0.01%, and over the past 7 days is +0.02%. These figures provide a quick overview of the latest price trends and market dynamics of CUSDC on LBank.-1.06%
The live price of CUSDC today is $0.0253, with a current market cap of $12.429M. The 24-hour trading volume is 47.46. The price of CUSDC to USD is updated in real time.
Before deciding whether to buy or sell CUSDC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CUSDC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CUSDC.
How much will CUSDC be worth tomorrow, next week, or next month in ? What about your CUSDC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CUSDC Price Prediction
To learn more about CUSDC, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0xcd91...0a33d0  | 30.403M | 6.19% |
ethereum | 0x3221...a99be6 | 27.225M | 5.54% |
ethereum | 0x709f...d4150a | 27.017M | 5.5% |
ethereum | 0xde9e...0bf416 | 25.775M | 5.25% |
ethereum | 0x6fb8...660027 | 23.955M | 4.88% |
Other | 356.614M | 72.63% |
cUSDC is an interest-accruing ERC-20 token on the Ethereum blockchain, representing a deposit of USD Coin (USDC) within the Compound lending market. It maintains a stable value, pegged 1:1 with the US dollar. When users deposit USDC, they receive cUSDC. The exchange rate between USDC and cUSDC continuously increases due to accruing interest from borrowers. This means holding cUSDC automatically generates returns. Upon withdrawal, cUSDC is converted back to USDC, including all earned interest.
cUSDC serves several key purposes within the decentralized finance (DeFi) ecosystem. Its primary function is as an interest-bearing asset, allowing holders to earn interest on USDC deposits by lending them on Compound. It can also be used as collateral in various DeFi protocols to borrow other assets. Furthermore, cUSDC is traded, enabling arbitrage opportunities, and can be supplied to liquidity pools across DeFi. Its recognition as an interest-bearing USDC version allows integration with many DeFi platforms.
The primary method to earn yield with cUSDC is by depositing USDC into the Compound protocol, where interest is paid by borrowers. Additionally, in some protocol iterations, users can stake cUSDC in Stability Pools to earn rewards from liquidations and governance token emissions, resulting in variable Annual Percentage Yields (APYs). It's important to note that some rewards may require manual claiming and redepositing to maximize compounding effects.
While cUSDC offers yield on stablecoins, inherent risks exist. Systemic risk from the Compound platform could cause contagion if one asset market defaults. Smart contract vulnerabilities are present, as with all DeFi protocols, despite security audits. USDC, the underlying asset, is a centralized stablecoin, meaning its issuer can blacklist addresses. When cUSDC is used as collateral, there's liquidation risk if its value drops. Lenders also face general smart contract risks and risks related to USDC's real-world asset backing.
cUSDC tokens are minted dynamically when users deposit USDC into the Compound protocol. You can acquire cUSDC by depositing USDC directly into Compound or by swapping for it on a decentralized exchange. For storage, any Web3 wallet compatible with the Ethereum network, such as common Web3 wallets, can be used. For enhanced security, hardware wallets offer a secure way to store cUSDC by connecting to common wallet interfaces.
cUSDC is an interest-accruing version of USDC. While USDC is a centralized stablecoin backed by USD reserves, cUSDC represents a deposit of USDC in Compound, earning interest. Compared to other lending protocols, Compound has sometimes offered different rates and a distinct approach. For example, Compound V3 focuses on allowing users to only borrow USDC (apart from an ETH market) while permitting various collateral types, a design choice often attributed to security considerations and mitigation of liquidation risks.
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