Celo Dollar company info

What does Celo Dollar do?
Celo Dollar (CRYPTO:CUSD) is a stablecoin on the Celo blockchain, designed as a reliable and accessible store of value for payments within the Celo ecosystem. It's pegged to the US dollar and backed by a mix of assets, including Celo, fiat currencies, and stablecoins, maintained by validators. CUSD's management falls under a decentralized organization called the Celo Alliance (DAO), responsible for protocol development, reserve management, and protocol changes. The Celo team is actively expanding the Celo ecosystem, enhancing CUSD's accessibility globally, and promoting its use for payments through partnerships and merchant integration. Their ultimate goal is to establish CUSD as the primary stablecoin for everyday transactions, fostering inclusivity and accessibility in financial services.
Celo Dollar company media
Company Snapshot

How many people does Celo Dollar employ?

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Employees
51-200

What is the market cap for Celo Dollar?

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Market Cap
$36.34M

Where is the head office for Celo Dollar?

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Head Office
Singapore

What year was Celo Dollar founded?

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Year Founded
2020
What does Celo Dollar specialise in?
/Algorithmic Stablecoin /Celo Ecosystem /DeFi /Stablecoin

What are the products and/or services of Celo Dollar?

Overview of Celo Dollar offerings
Decentralized finance (DeFi): CUSD can be used to participate in DeFi protocols on the Celo blockchain. This includes lending, borrowing, and yield farming protocols.
Investments: CUSD can be used to invest in other cryptocurrencies or in other assets on the Celo blockchain.
Payments: CUSD can be used to make payments to merchants who accept Celo. This includes both online and in-store merchants.
Remittances: CUSD can be used to send and receive remittances quickly and cheaply. This is because CUSD is a stablecoin and is not subject to the volatility of other cryptocurrencies.
Savings: CUSD can be used as a savings vehicle. This is because CUSD is a stablecoin and is pegged to the US dollar.
Staking: CUSD can be staked to earn rewards. Staking is a process of locking up your tokens in order to help secure the Celo network.