Compound USD Coin Achieves Self Reported Market Capitalization of $238.63 Million (CUSDC)

Compound USD Coin (CUSDC) traded 60.2% lower against the US dollar during the twenty-four hour period ending at 19:00 PM Eastern on March 18th. One Compound USD Coin token can now be bought for approximately $0.0090 or 0.00000033 BTC on popular cryptocurrency exchanges. Over the last week, Compound USD Coin has traded 58.8% lower against the US dollar. Compound USD Coin has a market cap of $238.63 million and approximately $4.90 million worth of Compound USD Coin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded down 6.1% against the dollar and now trades at $0.41 or 0.00001515 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 1% lower against the dollar and now trades at $0.0673 or 0.00000247 BTC.
• CareCoin (CARES) traded down 1% against the dollar and now trades at $0.0835 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded up 32.4% against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded 1% lower against the dollar and now trades at $99.81 or 0.00366148 BTC.
• FEG Token (FEG) traded 1% lower against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded down 0.4% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded down 1% against the dollar and now trades at $7,254.49 or 0.26612955 BTC.
• Lego Coin (LEGO) traded 22.1% higher against the dollar and now trades at $0.0171 or 0.00000064 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. The Reddit community for Compound USD Coin is https://reddit.com/r/compound and the currency’s Github account can be viewed here. Compound USD Coin’s official message board is medium.com/compound-finance. Compound USD Coin’s official Twitter account is @compoundfinance and its Facebook page is accessible here. Compound USD Coin’s official website is compound.finance.

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 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 Coinbase, GDAX or Gemini. 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