The Best Wallet for Compounding OpenDollar
The Best Wallet for Compounding OpenDollar
Start earning yield on your stablecoins using Compounding OpenDollar with MEW Wallet! Our user-friendly interface makes it seamless to interact with Compounding OpenDollar and their native cUSDO tokens. MEW Wallet provides a simple interface for storing, swapping, sending, and receiving cUSDO tokens.
What is Compounding OpenDollar (CUSDO)?
cUSDO is a rebasing, yield-bearing stablecoin from OpenEden, licensed by the Bermuda Monetary Authority. Backed by liquid assets like U.S. Treasury bills and reverse repos, it offers stability while automatically compounding returns for holders.
You can view, swap, send and receive cUSDO tokens directly from your MEW Wallet. To receive your cUSDO tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the cUSDO token information page. You can send your cUSDO tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your cUSDO tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.