cUSD/USD price feed
Public quote pages struggle to hold this dollar still: one has shown it at ninety-eight cents, another has swung it two percent in a day, a third lists it under a different name entirely. Read from its own pools at a stated block, cUSD is a quiet dollar. The turbulence lives in the measuring, not the market.
Aggregate on-chain rate: hourly view of the last 4 weeks. The API itself updates block by block. Request API access
Book composition · auto-observed
The weight concentrates in one pool at the moment, with the rest of the depth on the same chain.
A stable dollar that looks volatile online
The asset here is the dollar token native to Celo, the mobile-first network where it powers phone-based payments. Even its name needs pinning now: a major tracker has relisted it under a new name that collides with a different dollar altogether, while a third token shares its letters elsewhere. The composition below belongs to precisely one token; naming fashions do not reach it.
The prices attached to those listings scatter in ways this token's own market never shows: two percent daily moves, week ranges wide enough to look like a depeg that never happened. Thin exchange listings sampled at unlucky moments will do that. The scatter is an artifact of where the number was read, not of what the token did.
Read the same token from its on-chain venues, pinned to a block: the drama disappears. What remains is a level that moves in fractions of a cent, read from pools anyone can check.
A dollar that gets spent, not parked
The composition has a striking ratio hiding in it: the home pools have cleared more in a typical week than they hold in standing liquidity, a book that turns its whole inventory over week after week. Most stablecoin pools in this catalog hold dollars that wait; these hold dollars passing through.
That matches what the token is for. cUSD spends its life inside payment flows, phone wallets, remittance rails, which shows up on-chain as steady small traffic rather than resting size. A payments dollar produces exactly this signature: modest depth, disproportionate flow.
Resolution stays short by construction: whatever dollar token a pool quotes in, that leg is priced by its own feed before this number forms.
Same dollar, new ground under it
cUSD has circulated since 2020, which makes it one of the longest-running native stablecoins in this catalog. Halfway through that life the ground under it moved: Celo itself migrated from a standalone chain to an Ethereum layer two. The dollar crossed that transition without leaving home; the venues kept quoting through the move.
The book carries a habit that fits a market tended through change: through years of shifting ground, selling the token instantly has stayed easy, with real bids standing close to the mid whenever the pools are read. Per-side depth is published so that stays checkable at any block.
Phone traffic sets the rhythm; the feed reads along at whatever pace the market keeps. Years in circulation, a chain migration behind it, its home venues in view. The reading continues.
Who runs on this rate
Payment integrations
Apps settling phone-based payments in cUSD need a reference that does not swing two percent on sampling noise; this one is pinned to blocks.
Treasuries with Celo exposure
Desks holding the ecosystem's dollar get its level from home venues, immune to how trackers currently label the asset.
Risk desks monitoring stablecoin flow
A payments dollar shows its health in flow rather than parked size; this page keeps the level next to the book it came from.
Where the cUSD market lives
Active cUSD/USD pools per chain, as observed by the feed on 2026-10-27.
cUSD in the catalog
3 pairs, each computed from its own pools with the same methodology:
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