What is the current price of cUSDC (CUSDC)?

The current price of cUSDC (CUSDC) is 0.040889955312684946 AUD, representing a -0.01 from the day prior.

Can I buy cUSDC (CUSDC) on Coinstash?

Yes - you can easily buy and sell cUSDC (CUSDC) on Coinstash. Simply login or sign up, to start buying cUSDC (CUSDC) in minutes.

Where is the best place to buy cUSDC (CUSDC) in Australia?

The best place to buy cUSDC (CUSDC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell cUSDC (CUSDC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of cUSDC (CUSDC)?

The trading volume of cUSDC (CUSDC) is 1.6K AUD in the last 24hrs, representing a -0.01 from the day prior.

How can I buy cUSDC (CUSDC)?

cUSDC (CUSDC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of cUSDC (CUSDC)?

The current market cap of cUSDC (CUSDC) is 59.0M AUD.

Can I convert cUSDC (CUSDC) to cash?

Yes - With Coinstash you can convert your cUSDC (CUSDC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many cUSDC (CUSDC) are there?

The current circulating supply of cUSDC (CUSDC) is 1.4B.

Is Coinstash a safe place to buy cUSDC (CUSDC) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling cUSDC (CUSDC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy cUSDC

What is cUSDC?

cUSDC is an interest-accruing token that represents a USDC (USD Coin) deposit in the Compound lending market. It is a stablecoin pegged to the US dollar and is built on the Ethereum blockchain. Acting as a form of collateral, it allows users to earn interest on a deposit as part of the Compound DeFi ecosystem.

How does cUSDC work?

cUSDC operates on the Ethereum blockchain under the ERC-20 standard. When users deposit USDC into the Compound protocol, they receive an equivalent amount of cUSDC tokens. These tokens accrue interest over time based on the supply rate within the protocol. Interest rates are algorithmically determined based on the supply and demand dynamics of the marketplace. The compound system uses smart contracts for the management of these operations, enabling transparency and security in transactions.

What are the potential use cases for cUSDC?

cUSDC has several use cases, primarily within the domain of decentralised finance (DeFi). These include:

Decentralised Lending and Borrowing: Users can lend or borrow cUSDC within the Compound platform and across other DeFi protocols.
Stable Store of Value: As a stablecoin pegged to the US dollar, it provides an option for storing value with low volatility.
Interest Accrual: Users earn interest on their cUSDC holdings.
Yield Farming and Liquidity Mining: cUSDC can be used in various strategies to maximise yields through liquidity provision.
Asset Management: It can be included in passive indices, yield aggregators, and lotteries, or used as collateral in derivative markets.

What is the history of cUSDC?

The history of cUSDC is intertwined with the development of both the Compound protocol and USDC. The USD Coin was launched in September 2018 by Circle and Coinbase through the CENTRE Consortium. Compound Finance, founded in August 2017, introduced its V2 protocol, enabling the creation of cUSDC. Over time, Compound III was launched, featuring enhancements like cUSDCv3, a rebasing token that continues to enhance interoperability with the DeFi ecosystem.