What Is CUSD? Everything You Need to Know About Celo Dollar on Binance

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🪙 What Is CUSD?

CUSD (Celo Dollar) is a USD‑pegged stablecoin built on the Celo blockchain. It’s fully backed by reserves and designed for fast, low-cost mobile payments and DeFi activity Binance+14Bitget+14Binance+14.

📍 CUSD on Binance

  • You can buy, sell, and trade CUSD directly on Binance.
    Binance offers easy access to CUSD via spot trading, conversions, and supported deposits/withdrawals BitDegree.

  • Trading pairs:

    • Common pairing is CUSD/USDT

    • Potential availability via Convert function for fiat or other crypto

💱 How to Buy CUSD on Binance

  1. Spot Market:

    • Login to Binance.

    • Navigate to the Spot trading page.

    • Search for "CUSD" and select a pair like CUSD/USDT.

    • Place a market or limit order to buy CUSD.

  2. Convert Tool:

    • Go to Binance's Convert section.

    • Select an asset you hold (e.g. USDT) and convert it directly to CUSD with a single click.

  3. Deposit Options:

    • You can deposit CUSD into your Binance wallet if you already own it.

    • Then trade or withdraw it as needed.

💡 Why Use CUSD?

  • Stability: Always tracks the US Dollar, ideal for hedging.

  • Efficiency: Fast and low-fee transactions on the Celo mobile platform BitDegreeBinanceMediumYahoo Finance+5Bitget+5BitDegree+5.

  • Use Cases: Seamlessly integrates into DeFi apps, payments, savings, and governance on Celo.

⚙️ Quick CUSD Fact Sheet

FeatureDetails
Peg1 CUSD ≈ 1 USD (reserve-backed)
PlatformCelo network (EVM-compatible)
Circulating Supply~35.5 million
How to BuyVia Spot, Convert, or P2P on Binance

🚀 Getting Started

If you're new to Binance, here's a simple path:

  1. Create and verify your account.

  2. Fund your account with USDT or fiat.

  3. Trade for CUSD using Spot or Convert.

  4. Hold, spend, or transfer as needed.


    With Current Chart Setup:

    • You're trading a high volatility breakout, but some weakness is showing.

    • Suggest using 5x to 10x leverage, especially:

      • If your stop-loss is tight (e.g., 2–3% below entry).

      • And you can monitor the trade live (not overnight).

    📊 Example:

    • Entry: 0.488

    • Stop-loss: 0.470 (3.6% risk)

    • Target: 0.520–0.543

    With 5x leverage, a 10% move = 50% profit
    With 10x, same = 100% profit
    But the risk also multiplies (e.g., -3.6% × 10x = -36% loss)

    ✅ Recommendation:

    • Use 5x leverage for safer intraday trades.

    • Use 10x leverage if you have a well-defined stop-loss and can exit fast.

    • Avoid more than 10x unless you're an experienced scalper.


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