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 Portugal
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 SEPA 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 ongoing challenges and promotions
Buy other cryptos
Buy Celo Dollar in a different country
FAQ
Can I buy $1 worth of Celo Dollar?
Can I buy $10 of Celo Dollar?
Where else can I buy Celo Dollar?
Where is the best place to buy Celo Dollar?
Should I buy Celo Dollar right now?
Located on the stunning Iberian Peninsula of Southwestern Europe is the nation of Portugal, home to more than 10 million people and two autonomous archipelagos – Azores and Madeira – that have their own regional governments. Its capital city is Lisbon, acting as the country’s financial, political and cultural hub. With a history of being one of the first global maritime and commercial empires, Portugal also possesses the 14th largest gold reserves in the world, with a GDP estimated to be around US$432 billion in 2022.
While Lisbon is no doubt one of the country’s most appealing tourist destinations – thanks to sights like the Church of São Vicente de Fora, the Belém Tower, and the Carmo Convent – other major cities in the region have also proven popular, including Porto, Madeira and Lagos. For the best of Portuguese cuisine, you might also want to try caldo verde, bacalhau, grilled sardines, bifanas, and piri-piri chicken.
Portugal’s official language is Portuguese and its national currency is the Euro (EUR), and with direct support for both from Bitget’s website and app, you can purchase Celo Dollar(CUSD) in just a few clicks, whether you’re in Lisbon or Porto or Coimbra or Sintra. Our exchange offers a series of secure payment options to make your trading experience safer and more convenient, including P2P trading, crypto deposits, other third-party merchants such as Apple Pay, Google Pay, and a range of different credit card services.