|All Time High:|
|Market Cap: |
|The price of #CUSD today is $0.99 USD.|
The lowest CUSD price for this period was $0, the highest was $0.988, and the exact current price of one CUSD crypto coin is $0.98778.
The all-time high CUSD coin price was $1.62.
Use our custom price calculator to see the hypothetical price of CUSD with market cap of BTC or other crypto coins.
|The code for Celo Dollar crypto currency is #CUSD. |
Celo Dollar is 2.7 years old.
|The current market capitalization for Celo Dollar is $44,072,967.|
Celo Dollar is ranking downwards to #311 out of all coins, by market cap (and other factors).
|There is a medium volume of trading today on #CUSD.|
Today's 24-hour trading volume across all exchanges for Celo Dollar is $466,658.
|The circulating supply of CUSD is 44,618,288 coins, which is 43% of the total coin supply.|
|CUSD is available on several crypto currency exchanges.|
Announcing Kuneco Changes & New Celo Block Party
Kuneco (“togetherness” in Esperanto) was born in July 2020 to create a virtual gathering space to strengthen the community spirit of Celo members while celebrating wins toward our mission and uplifting community voices. After logging 16 meetings — and some community feedback, we recognized a need to fork Kuneco. As a result, we are now announcing a new, virtual, quarterly event called Celo Block Party, with Kuneco evolving into a community-run town hall supported by the Celo Foundation. — Kuneco Evolved - Time: One hour Cadence: Monthly Engagement: Community-Driven Goal: To facilitate togetherness for the Celo Community Facilitated by: Celo Foundation Community Leads Anna Kryukova and Daniel Olarte This new Kuneco call will inspire togetherness for the Celo Community and deep dive into topics about the Celo ecosystem’s growth and development, ultimately serving the Foundation’s goal of progressive decentralization. Potential topics for discussion include: cLabs’ and the Celo Foundation’s respective roadmaps to support the Celo ecosystem, Governance and collaborating with CGP editors on pressing issues, Frameworks for decentralization, including applying for on-chain funding, Grassroots organization of regional ecosystems, providing a space for community builders to come together and exchange learnings, Independent entities that are growing to support the Celo Ecosystem, e.g., Prezenti, Climate Coll...
Celo & Deutsche Telekom’s Partnership Strengthens with the Global Launch of T Challenge
Today, telco giant and early Celo ecosystem partner Deutsche Telekom and T-Mobile US launch a new global T Challenge hackathon, targeting Web3 founders and builders for the first time in its three-year history, with Celo as a key blockchain infrastructure partner. T Challenge seeks solutions that leverage the power of 5G to bring Web3 technologies to more than 240 million mobile customers across Europe and the US. Participants will earn up to 600,000 Euros to bring their ideas to market, with startups and developers encouraged to build on open-source blockchains like Celo. As a leader in mobile Web3 built for real-world use cases, Celo possesses three key innovations which have made it a top choice for global payments applications and large corporates like Deutsche Telekom: Using phone numbers as proxies for public keys, Allowing for transaction fees to be paid in ERC-20 tokens, Syncing with the peer-to-peer network via an ultra-light client using only a few kilobytes of data, — Celo & Deutsche Telekom: A Brief History - In April 2021, Deutsche Telekom joined the Celo ecosystem as the first mobile carrier in the Alliance for Prosperity, making a strategic purchase of the native digital asset CELO, with its subsidiary T-Systems MMS operating a validator group in the Celo network. Deutsche Telekom also opened up its SMS API to allow validators to send verification text messages, increasing the diversity of SMS ...
Celo Camp Batch 6 Teams Announced with New Founders Support from Coinbase Cloud
Celo Camp, the eight-week virtual acceleration and mentorship program launched in 2020 in partnership with Upright, is excited to announce the participants for its Batch 6 cohort. The 30 teams selected from a group of 356 applicants from 65 countries are building dapps on the Celo platform across several themes, including ReFi, DeFi, payments, the creator economy, P2E, and DAOs. Over the course of the program, participants will hone their business and technology strategies and skills with input from mentors at several organizations, including NFX, Coinbase Cloud, Climate Collective, Flori Ventures, Digital Assets, Collider Ventures, Sunset Ventures, Ubeswap, Teller Finance, Valora, Flow Carbon, Cross River, Echo VC, GoodGhosting, Impact Market, Dotdots, Finoa, 50years, Build AI, cLabs, and the Celo Foundation. They’ll also receive technical support from Celo ecosystem engineers and invitations to networking events and workshops led by industry experts, investors, and partners. “Evidenced through the applications received for Batch 6, a considerable number of global builders are moving into the ReFi space,” says Rachel Jakob, Program Manager at Upright. “It’s exciting to see so many people working on projects for real-world impact. On top of that, collaborations between ReFi project teams and existing DeFi and payment platform teams within the Celo Camp community are starting to bloom. I’m looking forward to watchi...
Celo Pilot Tests Whether Quadratic Funding Can Be Used to Encourage Donations to Build Financial…
Celo Pilot Tests Whether Quadratic Funding Can Be Used to Encourage Donations to Build Financial Inclusion - As part of its mission to build a financial system that creates the conditions of prosperity for all, the Celo Foundation supports the development of mission-aligned projects, including regenerative finance (ReFi) solutions like the poverty-alleviation protocol impactMarket. Launched on the Celo blockchain in 2019, impactMarket offers a global, decentralized unconditional basic income (UBI) system through which nearly $3 million in UBI has been distributed to over 46K beneficiaries in 226 communities worldwide. Since the start of the year, impactMarket saw user donations decline by nearly 80% amid worsening macroeconomic conditions. To help support people in need who benefit from impactMarket, the Foundation recently conducted an eight-day pilot program using a donation-matching model called quadratic donations. The model is based on a collective approach that can also be applied to voting and payments. The results of the pilot were encouraging — average donor pledges rose by over 84%. — The Quadratic Funding Model and Its Possible Benefits - Results of an informal survey of pilot participants suggest that one important factor when considering whether to donate is the perceived impact of those funds. The key question being whether the people in need will receive those funds.The quadratic funding model used...
A Celo NFT-backed Rewards Pilot a Success In San Francisco
By Evan Fenster, Celo Foundation Atlas Cafe coffeehouse in San Francisco’s Mission district has been a mainstay in the neighborhood since 1996, providing a comfortable place for the local community to eat, drink, socialize, and work. Unfortunately, the pandemic hit Atlas Cafe hard — its ‘regulars’ came a lot less often, as stay-at-home orders disrupted typical routines. This scenario occurred all across the country and around the world. While most businesses have reopened, some have struggled to rebuild their regular clientele. Atlas Cafe was no exception. As an Atlas customer over the summer, a UPenn student working as a summer intern on the Celo Foundation’s Research and Innovation team, and someone who has seen how NFT projects can build brands and communities, I wanted to explore how NFTs might help a local business. This exploration led to an NFT-backed rewards pilot program that simulated how a neighborhood coffee shop could market, onboard, manage, and implement an NFT collection used for rewards. To run the pilot, I received funding from the Celo Foundation and help from my Research and Innovation teammates. Ultimately a success, the pilot served as proof-of-concept for a decentralized rewards protocol called Loka, which is currently in development. — The Atlas Pilot Concept and Design - In May 2022, I began researching how NFT-backed rewards work to help businesses create loyal customers and poss...
How the Climate Collective Helps Increase Liquidity, Transparency, and the Integrity of Carbon…
How the Climate Collective Helps Increase Liquidity, Transparency, and the Integrity of Carbon Credit Markets - By A. Nirvaan Ranganathan, Climate Collective Program Lead The Celo community believes the regenerative finance (ReFi) movement can help reverse the effects of the climate crisis and heal our planet. Currently, ReFi’s most prominent use case is carbon offsetting, which is the act of compensating for the harmful greenhouse gas emissions (GHGs) of both organizations and individuals. Offsets play a crucial role in the battle against climate change, as recognized by the 2015 Paris Accord and its predecessor, the Kyoto Protocol, the first agreement to call for a reduction in greenhouse gasses. Today, blockchain technology is a driving force of this use case, as it tokenizes carbon offset credits and aids in overcoming several challenges that currently limit the effectiveness of Voluntary Carbon Markets (VCMs): access by individuals, insufficient liquidity, lack of transparency, and questionable practices. Integrating VCMs with Web3 will also help the Celo community realize its vision of a holistic regenerative financial system with natural assets at its heart. — What Are Voluntary Carbon Markets? - Before exploring the different ways blockchain technology can enhance VCMs, it’s important to understand what VCMs are and how the carbon offset credit supply chain works. VCMs enable carbon emitters to offset th...
Celo Camp Batch Six Is Coming — Apply Now!
Celo Camp Batch Six Is Coming — Apply Now! - Celo Camp Batch Six applications are open now! Celo Camp, the eight-week virtual acceleration and mentorship program launched in 2020 by the Celo Foundation in partnership with Upright, welcomes startups developing solutions at the intersection of financial inclusion and mobile-first technology. It provides founders with a unique opportunity to bring their projects to life on the Celo blockchain and contribute to Celo’s mission of creating prosperity for all. — Batch Six runs from September 22 to November 18, 2022. The application deadline is September 2.. — Since the completion of Batch One in June 2020, Camp alums have processed transactions on the Celo protocol valued at an estimated $1B+, and have raised more than $100M from leading tech investors, such as Polychain, Davoa Capital, Electric Capital, Coinbase Ventures, Mercy Corps, Allegory and Flori. Among the many notable participants of Celo Camp are impactMarket (Batch 1), Moola Market (Batch 2), and Flowcarbon (Batch 5), a pioneering climate-tech company that brings carbon offsets to the blockchain to support climate change solutions. In May, Flowcarbon raised $70M million to tokenize carbon credits and build an on-chain market. “It’s unquestionably thrilling to see so much talent, innovation, and investment moving into climate tech and to developing real, impactful solutions to climate change. W...
DeFi’s Role In Creating a Regenerative Economy
By Nikhil Raghuveera, Celo Foundation The regenerative finance (ReFi) movement is galvanizing Web3 builders to create regenerative economies. As of late, the focus has been on addressing climate change. At the Celo Foundation, we are focused not only on climate change, but also on broad, positive social change. We believe DeFi can play a pivotal role in creating a regenerative economic system — a financial system in which capital (including nature-backed capital) promotes a healthy planet, addresses systemic social and wealth inequality, encourages shared value and ownership, and empowers people and communities to thrive. Today’s global financial system is extractive and exploitative. I came into Web3 because I, like many others in the space, want to help create a system that’s better. Wealth is abstracted by centralized financial entities, including banks and service providers, that profit from having custody over customer assets, high transaction fees and interest rates, and wielding monopolistic power, which only increases through network effects. The result: a system responsible in large part for economic inequality. These powerful centralized entities accumulate wealth at the expense of the people who turn to them for help and who should benefit most from their services. In 2020, the world’s richest 1% owned approximately 46% of global wealth and, from 1980–2020, captured 21% of economic growth. John Elliso...
StakedCelo Strengthens Participation and Engagement in the Celo Ecosystem
Since its launch, the Celo Platform has relied on consensus mechanisms in the blockchain space. It is a proof-of-stake mechanism that relies on community members to vote for responsible validator groups, actively engaging in the governance process and with applications and projects in the Celo ecosystem by staking CELO tokens. Until now, staked CELO tokens could only be used for those purposes. With input from the Celo community, cLabs developed StakedCelo,* an open source liquid staking protocol, to encourage stakers of CELO to participate further in the Celo community by engaging across other applications in the Celo ecosystem. — Liquid Staking - StakedCelo allows users to deposit CELO and receive receipt utility tokens — stCELO — in return. Active participants in the protocol can stake deposited CELO, which allows Epoch Rewards associated with staking to be received by the protocol as a smart contract. These rewards are shared equally among all holders of stCELO, but are not released to the participants at the time of staking. At any point in time, a user can choose to withdraw their assets from the protocol by returning the stCELO and receiving the corresponding CELO (including any accrued rewards). The protocol is completely non-custodial, meaning that no one can ever withdraw a user’s funds besides that user. stCELO is an ERC-20 compatible non-rebasing token intended to further encourage active user ...
Toucan Protocol is Live on Celo!
After several months of hard work from the teams at cLabs, Abacus, Curve Labs, Bld.Ai, and the Climate Collective, the Toucan Protocol is live on Celo! This deployment means users have the ability to access high-quality, nature-based carbon offsets to hold, use across Web3, or “retire” to claim the underlying carbon credit towards their GHG reduction goals.Image courtesy of Toucan. The Toucan Ecosystem Toucan fosters an ecosystem of projects that incorporate tokenized carbon to unlock a range of use cases around climate action, including increasing utility for carbon, scaling climate mitigation, and generating on-the-ground impact. Toucan connects projects on the Celo ecosystem working on ReFi through programmable carbon, mainly NCT tokenized carbon credits based on nature-based solutions. For example, it connects protocols Moola and Ubeswap through the mcUSD and NCT liquidity pool on Ubeswap. Toucan supports builders and protocols taking positive climate action, including Spirals Protocol, which allows for carbon credit accumulation; Return Protocol, which embeds automatic offsetting for on-chain activities; and Senken’s carbon marketplace, which delivers a seamless experience for buyers searching for specific carbon projects to offset emissions. These use cases support the larger Toucan-Celo community goal to promote carbon neutrality in our daily lives. Built on Celo,flywallet travel booking platform, which allows u...
More Celo Dollar (#CUSD) News
|Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides ...
Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from $171.37 billion to today's $153.09 billion. During the last two months, the top stablecoins by market capitalization have seen little growth remaining at $153 billion since mid-July. For More Than 2 Months Stablecoin Market Caps Stagnate Seeing Little Growth
Following the significant climb since mid-2020, the stablecoin economy has seen growth slow during the last few months. In mid-April 2022, the stablecoin economy neared the $200 billion range for the first time in history, but following Terra's stablecoin fiasco, more than $35 billion disappeared from the stablecoin economy by May 13, 2022. On May 12, 2022, the stablecoin economy was 10.66% larger than it is today at $171.37 billion.
By July 7, the stablecoin economy was down to $154 billion, according to stats saved by archive.org via coingecko.com. The stablecoin economy has remained stagnant in terms of growth during the past 73 days. Tether (USDT), the largest stablecoin market cap, has grown slightly rising 0.7% during the past month, while usd coin (USDC) saw a 4.9% decline. Binance's stablecoin BUSD saw an 11.1% increase, while DAI, FRAX, and TUSD declined during the last 30 days.
Pax dollar (USDP) jumped 19.7% higher this past month, but neutrino usd (USDN) dipped by 9.5% lower. Besides BUSD and USDP, celo dollar (CUSD) was one of the only stablecoin market valuations that grew, as CUSD saw ...
|Huobi Incubator Partners Celo to Promote Stablecoins for the Masses
[PRESS RELEASE - Please Read Disclaimer]
Huobi Incubator, the project incubation arm of Huobi Global, today announced that it will co-host Celo x Huobi: Stablecoin in Web3 & Sustainability hackathon with Celo, a mobile-first blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone. The partnership aims to spur stablecoin development in the Web3 field in order to achieve long-term sustainability. This hackathon, to be held from April 27 to June 24, is offering prizes worth a total of US$1 million including a prize pool worth US$500,000 and US$500,000 in venture funding for all winners.
As a mobile-first blockchain that makes decentralized financial (Defi) tools and services accessible to anyone with a mobile phone, Celo aims to break down barriers in the financial space by bringing the powerful benefits of Defi to the users of the 6 billion smartphones in circulation today. Celo hosted a 'make crypto mobile' hackathon last year, with more than 2,300 developers participating. Three payment dApps, 21yieldhe, EFFisend, and Xeggo showcased innovation and creativity to emerge as winners in last year’s hackathon.
The upcoming hackathon aims to link stablecoins with dApps, DAOs, and DeFi in Web3. Therefore, three challenge categories have been set as follows: the first challenge focuses on building stablecoin related financial solutions on Celo, with a focus on expanding the use of Celo Dollar (cUSD) to emerging markets wi...