What is Coin98 Dollar (CUSD)? A complete guide to CUSD

What is Coin98 Dollar (CUSD)?

Coin98 Dollar (CUSD) is a decentralized stablecoin developed and introduced by the Coin98 team, with the aim of fulfilling liquidity needs in DeFi. CUSD is expected to become a bridge, circulating cash flow between different features and products in the Coin98 ecosystem and expand to other DeFi arrays in the future.

Why CUSD?

Unlocking the Coin98 ecosystem: CUSD will become the main stablecoin in current and future Coin98 products, with a clear long-term plan drawn by the project team.

1:1 ratio: With the 1:1 conversion rate, converting other stablecoins to CUSD will be free of charge.

Multichain: CUSD will be launched on three major ecosystems: Ethereum, BNB Chain and Solana.

CUSD Reserve: Converting CUSD will require equivalent collateral deposited into the CUSD Reserve. This ensures that users can switch back and forth any time as the supporting assets are always maintained in the contract.

Learn more: Why does Coin98 develop CUSD?

How to receive Coin98 Dollar

Convert on the Coin98 Dollar homepage or Coin98 Super App

As a decentralized stablecoin, CUSD can be converted to other popular coins with a 1:1 ratio, such as BUSD (BNB Chain) or USDC (Ethereum, Solana) by following these steps:

Step 1: Go to cusd.coin98.com on either a common web browser or the dApp Browser on Coin98 Super App.

Step 2: Select the preferred network to convert and the corresponding wallet address.

Step 3: Slide the bar to reach the preferred converting amount, then click Convert.

The system will then require confirmation along with the gas fee information. If you agree with this, click Send.

Get CUSD (SPL) through Saros Finance

With SarosSwap, users can convert any listed coin/token other than USDC to CUSD.

Step 1: Go to SarosSwap, either using a regular browser or the dApp Browser on the Coin98 Super App.

Step 2: Select the coin/token to convert and choose CUSD as the destination coin.

Step 3: Enter the amount of coin/token to convert and the system will automatically calculate the corresponding amount of CUSD. Double check the transaction information and click Swap.

The system will then require confirmation along with the gas fee information. If you agree with this, click Send.

Note:

• Always carefully review all related information before trading.
• Check the Price Impact to avoid unnecessary damage.
• The slippage rate can be viewed by clicking the settings icon at the top right corner of the trading interface.

Get CUSD (BEP20) through Baryon Network

BNB Chain users can get CUSD on this network through Baryon Network, following these steps:

Step 1: Go to Baryon Network, either using a regular browser or the dApp Browser on the Coin98 Super App.

Step 2: Select the coin/token to convert and choose CUSD as the destination coin.

Step 3: Enter the amount of coin/token to convert and the system will automatically calculate the corresponding amount of CUSD. Click Swap.

Step 4: Double check the transaction information and click Confirm.

The system will then require confirmation along with the gas fee information. If you agree with this, click Send.

Learn more: 
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