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Moola Celo Dollars

MCUSD Rank #3623
$0.9925▼ 0.98%24h
Low $0.9808High $1.01

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Market cap$571.0KRank #3623
Fully diluted value$568.6K
Volume (24h)$5.2KVol / Mcap 0.92%
Circulating supply575.1KMCUSD
Total supply573.1K
Max supply∞no hard cap
All-time high$1.39Mar 16, 2022
All-time low$0.0000038May 9, 2023

What is Moola Celo Dollars?

Overview

mcUSD is issued by Moola Market, a borrowing and lending application built on Celo. The token represents user deposits of Celo Dollars held within the protocol. Users deposit Celo Dollars into Moola to participate in lending activities and earn yield on their collateral.

How it works

mcUSD operates on the Celo network as a deposit receipt token. When users supply Celo Dollars to Moola Market, they receive mcUSD in return, which accrues value as the underlying lending pool generates interest. The token can be redeemed for the corresponding amount of Celo Dollars from the protocol.

Peg and backing

mcUSD is backed by Celo Dollars held in Moola Market's lending pool. The token maintains a 1:1 relationship with its underlying collateral, with the value increasing through accrued lending interest. Supply is uncapped and grows as users deposit additional Celo Dollars into the protocol.

Where to trade MCUSD

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MCUSD funding rates

Live perpetual funding on every connected exchange. Positive = longs pay shorts.

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Contracts & chains

Exact contract or mint per network — the identity layer used for DEX routing.

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On-chain routes

Networks with a connected DEX routing adapter.

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Moola Celo Dollars news

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