The aim behind Celo Dollar (CUSD) is to make financial tools accessible to anyone with a mobile phone. It has backing from a mission-aligned network of technologists, international NGOs and organisations which are dedicated to creating a more inclusive financial system. They're a stablecoin which aligns with the US Dollar, and are reserve-backed to help keep them relative to the traditional US dollar. They provide a decentralised app created around the CUSD ecosystem to make the transactions quick and easy.
CELO DOLLAR HISTORY
A team from MIT, Google, Stanford, Square, Harvard University, the Federal Reserve Bank and many more established Celo (USD) in the beginnning. The team includes Silas Boyd-Wickizer, Anna Kazlauskas, Kobi Gurkan, Alexander Harley, Daniel Kimotho, Victor Graf and many others. It has a total issuance of 120,000,000 CUSD.