Compound USDT (CUSDT) - Information and review of the currency

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One of the common coins that people come across is the name of the USDT, which is the tether stable coin that is linked to the dollar value. Working off the reputation that is gained by this stable coin, as a mean by which to store value in any cryptocurrency exchange, the compound USDT (CUSDT) coin has been released. This coin is currently trading at a value of 0.02089 USD, with the ranking on coincapmarket showing as 2408. This however, differs from the ranking of the coin given on the coingecko site, which states that the current ranking of the coin is sitting at 119 in terms of its market cap. 

 

The value of the CUSDT token has increased by around 0.18% in the USD market, over the  last 24 hours, and has also seen increases of 8.07% and 12.77% in the BTC and ETH markets respectively. The 24 hour low and high do not show much of a difference with there just being a 0.00005 USD change over the last day, however the market volume over this time is currently 5.3 million USD. This is a 4.95% drop in the market volume. 

 

The coin is currently being exchanged on cryptocurrency platforms such as FTX USD and Compound. The top exchange for this current however is the Compound Finance with bulk of the trades in this currency being made on this exchange platform, and 48498 transfers happening in the last 24 hour period according to Etherscan. Amazingly enough his token can also be found on coinbase, which shows a bright future possibility for the token moving forward.