Where and how to buy Celo Dollar in Dominica
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Celo Dollar order through any of the various payment options provided.
Step 4:Monitor Celo Dollar in your Bitget spot account
Alternative methods to obtain Celo Dollar in Dominica
Convert crypto to Celo Dollar with Bitget Convert
Swap on-chain assets to Celo Dollar with Bitget Swap
Methods to obtain Celo Dollar for free
Buy other cryptos
Buy Celo Dollar in a different country
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How to buy Celo Dollar in other countries?
What can you do with Celo Dollar?
Store/Hold Celo Dollar
Many users hold on to their Celo Dollar with the expectation of it increasing in value. You can store your CUSD safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Celo Dollar
You can trade Celo Dollar for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Celo Dollar trading to meet your needs.
Send Celo Dollar
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Celo Dollar online and send to anyone and anywhere with their Celo Dollar address.
Spend Celo Dollar
You can also buy goods and services with your Celo Dollar. More and more vendors and retailers accept Celo Dollar every day.
Donate Celo Dollar
Bitget Charity accepts Celo Dollar donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Celo Dollar so no one misses out on the growth made possible by blockchain.
Learn More About Celo Dollar
You can read more in-depth articles on Celo Dollar from Bitget Research and study how cryptocurrencies like Celo Dollar work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Celo Dollar
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
Buy Celo Dollar in Dominica with Bitget
How to safely store your Celo Dollar
- Sign up and transfer CUSD to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your CUSD.