What is Celo Dollar (CUSD)?
Celo Dollar, or CUSD is a decentralized algorithmic stablecoin issued by Celo. It is a product in Celo’s suite of offerings that aims to make financial tools more accessible to everybody over the world through a smartphone.
As a USD-backed stablecoin, 1 CUSD is expected to be exchangeable to 1 USD, more or less.
How Celo Dollar (CUSD) Works
CUSD is an algorithmic stablecoin whose price and peg are maintained by algorithms and a crypto assets-based reserve named Mento. To elaborate, the mechanism that Celo builds creates an incentive for people to determine the supply of CUSD by letting the price of 1 CUSD be equal to $1 of CELO token at all times. The protocol boasts that users can always take profit with CUSD this way. When the price for CUSD is above $1, users can buy $1 worth of CELO tokens, then exchange for 1 CUSD on the protocol, then sell CUSD at the marke t price. Or when the price for CUSD is below $1, users can exchange 1 CUSD for $1 worth of CELO tokens, then sell CELO at the market price.
Though this is what Celo says to attract users, they have a system in place to avoid exploitation of CUSD that can lead to depeg, such as oracles or Granda Mento, requiring users to lock their CUSD funds and have them sold over a few days if the number of CUSD is considered large, etc.
How Many Celo Dollar (CUSD) Tokens Are in Circulation?
CUSD’s total supply: 1,000,000,000,000,000 (fifteen zeroes)
CUSD’s circulating supply: 43,326,039
How to Buy Celo Dollar (CUSD)
Consider investing in Celo Dollar (CUSD)? It only takes 2 minutes to create an account on Bitget and start trading CUSD.
Check out the available CUSD trading pairs on Bitget!
Spot market
Celo Dollar (CUSD) Resources
Simple 3-step guide to buying CUSD today in Suriname
Create your free Bitget account
Select a funding method
Complete your Celo Dollar purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Celo Dollar using a payment method of your choice:
Buy Celo Dollar with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Celo Dollar order.
How to buy crypto with credit/debit cardBuy Celo Dollar with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Celo Dollar is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Celo Dollar order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Celo Dollar order.Buy Celo Dollar with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Celo Dollar order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Celo Dollar in your Bitget spot wallet
Bitget—where the world trades Celo Dollar
How to buy Celo Dollar for free
- Learn how to earn Celo Dollar for free through the Learn2Earn promotion
- Earn free Celo Dollar by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Celo Dollar airdrops by joining On-going challenges and promotions
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FAQ
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The Republic of Suriname is a country in South America that lies next to the Atlantic Ocean, French Guiana, Guyana, and Brazil. The total area of the country is 163,821 km2, which is populated by 632,638 people. Suriname has been inhabited by humans since the fourth millennium BC, so the culture here is very deep-rooted, rich, and diverse. Therefore, Dutch and 8 indigenous languages are recognized as Suriname’s official languages. The national currency is Suriname Dollar (SRD) and the capital of the country is Paramaribo.
Suriname has low population density as well as hot and wet tropical climate, making it the ideal territory for biodiversity to thrive. In fact, apart from thousands of species that have been recorded in the country, there are many more unknown species living in unspoiled forests and biodiversity. 16% of the country’s area is considered national parks and lakes, some of which are Eilerts de Haan Nature Park, Galibi National Reserve, and Brownsberg Nature Park.
Purchasing, trading, and investing in Celo Dollar(CUSD) in Suriname has never been easier with Bitget. No matter where you are in the country, from Paramaribo and Lelydorp to Nieuw Nickerie, crypto is just a tap away. You can buy the coin or token you like using SRD via a variety of payment methods that Bitget offers, including P2P trading, crypto deposits, Apple Pay, Google Pay, or different credit card services.