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Mantapex
Coin98 Dollar
CUSDpeggedUSD
crypto-backed
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DeFiLlama peggedUSD·0,65 $US·24,4 k $US mcap·3 chains

Profil du Stablecoin

Coin98 Dollar (CUSD) est un stablecoin collatéralisé en crypto : les utilisateurs frappent CUSD en verrouillant d'autres crypto-actifs en surcollatéral, avec 24,4 k $US actuellement en circulation sur 3 réseaux blockchain. L'ancrage à USD est maintenu via des enchères de liquidation lorsque la valeur du collatéral tombe sous les seuils requis. Source de prix obtenue via defillama.

Ancré à
USD
Modèle de stabilisation
Collatéralisé en crypto
Source de prix
defillama

À propos de Coin98 Dollar (CUSD)

CUSD is a decentralized stablecoin that is fully collateralized by assets in reserve

Comment fonctionnent l'émission et le rachat

In order to convert to 1 CUSD, a total of $1 worth of the collateralized assets must be sent into the CUSD Reserve smart contract. Specifically, in the initial phase, the collateral ratio to convert to 1 CUSD will be $1 worth of fiat-backed stablecoins - BUSD (on BNB Chain) and USDC (on Solana and Ethereum)

Activité récente de l'offre

Coin98 Dollar (CUSD) supply contracted by 0 $US in the last 24 hours, contracted by 0 $US over the past week, and contracted by 0 $US over the past 30 days.

Variation 24h
-0 $US
-0.00%
Variation 7j
-0 $US
-0.00%
Variation 30j
-0 $US
-0.00%

Steady issuance: supply has held roughly flat (-0.00% over 30 days), consistent with mature stablecoin liquidity dynamics.

Historique de l'Offre

Network distribution

Coin98 Dollar circulates across 3 blockchain networks. BSC hosts the largest share at 79.05%, followed by Solana at 11.74%. Cross-chain distribution has remained broadly stable over the past 30 days.

ChaîneOffrePart24h Δ30d Δ
BSC19,3 k $US79.05%0.00%0.00%
Solana2,9 k $US11.74%-0.00%-0.00%
Ethereum2,2 k $US9.21%0.00%0.00%

Historique de stabilité de l'ancrage

As a crypto-collateralised stablecoin, Coin98 Dollar (CUSD) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $0.6509 (-34.905%); short-term excursions of this magnitude are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.

Prix actuel
$0.6509
Écart par rapport au peg
-34.905%
Bande de stabilité
Hors ancrage (>3 %)

Comment les stablecoins crypto-collateralised défendent leur ancrage

Crypto-collateralised stablecoins like this one over-collateralise positions — borrowers must lock more than $1.00 of crypto for each $1.00 of stablecoin minted. If collateral value falls below the required ratio, the position is automatically liquidated in an open Dutch auction. Arbitrageurs can always mint and redeem against the protocol's contracts, which keeps the secondary-market price tightly bounded around $1.00. The main residual risks are sudden crypto-collateral crashes that outpace the liquidation engine, and oracle failure.

Implications pratiques pour les détenteurs

  • Collateral volatility is the dominant risk: a fast drawdown in the collateral asset can outpace liquidation auctions and leave the protocol under-collateralised.
  • Oracle risk: the protocol relies on price feeds (typically Chainlink or a multi-oracle setup). Oracle manipulation or delay during volatile markets has historically caused peg excursions.
  • Governance risk: parameter changes (collateral types, liquidation ratios, debt ceilings) are decided by token-holder votes. Sudden governance attacks remain a tail risk.
  • On-chain transparency is a major advantage — collateral is verifiable 24/7 without trusting an attestor.
  • Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).

Peg-stability commentary is based on the mechanism class (crypto-collateralised) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.

Adresses de contrat

Coin98 Dollar (CUSD) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.

ChaîneAdresse du contratVérifier
Ethereum0xfa4ba88cf97e282c505bea095297786c16070129Explorateur

Les adresses de contrat proviennent du profil stablecoin de DeFiLlama. Certaines chaînes (Tron, Solana, Aptos, Sui) utilisent des formats d'adresse non EVM. Le lien « Explorateur » ouvre l'explorateur de blocs officiel de la chaîne concernée ; nous ne renvoyons pas vers des explorateurs tiers susceptibles d'afficher des données modifiées.

Comparer Coin98 Dollar à d'autres stablecoins crypto-collateralised

Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside Coin98 Dollar (CUSD). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.

StablecoinOffreMécanismeChaînes
Sky Dollar (USDS)8,4 Md $UScrypto-backed6
Ethena USDe (USDe)5,9 Md $UScrypto-backed23
Dai (DAI)4,6 Md $UScrypto-backed48
Falcon USD (USDf)1,6 Md $UScrypto-backed2
USDD (USDD)1,1 Md $UScrypto-backed4

Entre les classes de mécanismes

If you're researching CUSD as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.

Stabilité du Peg

Distribution par Chaîne

Ressources et sources de données

Coin98 Dollar (CUSD) is tracked across major crypto data providers. The links below open Coin98 Dollar (CUSD)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.

Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.

Stablecoins associées

Stablecoins comparable to Coin98 Dollar by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.

Avertissement de Risque

Les stablecoins comportent des risques, notamment la dé-peggisation, les changements réglementaires et le risque de contrepartie. Diversifiez toujours et faites vos propres recherches.