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
Buy Celo Dollar in Seychelles with Bitget
Simple 3-step guide to buying CUSD today in Seychelles
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
Buy other cryptos
Buy Celo Dollar in a different country
In the Indian Ocean, east of Africa, lies the 115-island archipelago known as Seychelles. Numerous beaches, coral reefs, and wildlife preserves can be found there, along with uncommon animals like huge Aldabra tortoises. Seychellois rupee is the official currency of Seychelles, which is used by the nation's population of 99,738. Using P2P trading and other crypto deposit methods on the Bitget platform, you may acquire Celo Dollar(CUSD) and other cryptocurrencies in Seychelles in a matter of minutes.
The official languages of Seychelles are French, Seychellois Creole and English. The Bitget website and app are available in both English and French.
Seychelles is covered by beautiful cities such as Anse Boileau, Beau Vallon, Takamaka and Victoria. Bitget will give you a very efficient and secure crypto trading experience wherever you are in Seychelles.
Apart from consistently ranking among the top tourist destinations, the Seychelles also have one of the best climates in the world. The Seychelles are a paradise location due to its tropical environment, which features ocean temperatures of 28°C and air temps of roughly 30°C. The Mahé group of islands are rocky, normally have a short coastal strip, and feature a range of hills in the middle. With their thick tropical flora, those islands have an overall appearance resembling tall hanging gardens with views of silver-white beaches and crystal-clear lagoons. Using the Bitget platform, you may easily trade cryptocurrencies whether you are in Takamaka, Beau Vallon, or Anse Boileau.
Negotiations with the British led to an accord that saw Seychelles become an independent republic within the Commonwealth on June 29, 1976, following elections in 1974 in which both political parties in Seychelles ran independence campaigns. Seychelles has some beautiful attractions such as Anse Intendance, Anse Lazio, Morne Blanc, Seychelles National Botanical Gardens, Anse Source D'Argent and many more.