What Celo Dollar is designed to do
Celo Dollar (CUSD) is a fiat-backed stablecoin, currently ranked 469th by market capitalization among the assets we track. Celo Dollar is a fiat-backed stablecoin: each token is meant to be redeemable for a reference currency held in reserve, so its job is to stay flat, not to appreciate. It is plumbing for the crypto economy rather than a bet on price.
Celo Dollar (CUSD) is a stablecoin pegged to the US dollar, designed to facilitate seamless transactions on the Celo platform and promote financial inclusion through mobile accessibility. It aims to empower users globally by enabling easy access to value and stable finances.
How the peg is meant to hold
Pegs are defended by market makers who profit from closing any gap to par. The strength of that defense comes down to whether the backing assets are liquid and the issuer is solvent.
CUSD is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
Celo Dollar first went live in 2017, giving it roughly 9 years of on-chain price history to draw on. Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in CUSD.
CoinPaprika classifies the project's development status as "Working product". In sector terms it is most often filed under CELO Token and Stablecoin.
Where Celo Dollar sits in the market
Trading around $1.00, Celo Dollar carries a market capitalization of $35.57M. Around $255.59K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.72% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Celo Dollar carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. CUSD trades about -28% below its all-time high of $1.39, within reach of prior peaks.
What the price history shows
Recent moves read 24-hour +0.05%, 7-day +0.09%. Across roughly the last 366 days of daily candles, CUSD endured a peak-to-trough drawdown of about 78% before stabilizing.
Volatility profile
Recent action puts Celo Dollar in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate a stablecoin like Celo Dollar
For an asset of this type, three lenses matter most:
- Reserve quality — what backs CUSD — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
