Carbon (CUSD)

Carbon is a price-stable cryptocurrency for next-generation payments. Carbon aims to bring the power of next-generation distributed ledger technology into the global economy by introducing a cryptocurrency that maintains a stable value against the US Dollar.

Whitepaper

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What is Carbon

Carbon is compatible with smart contracts and is closely correlated to the US Dollar. Carbon introduces a price-stability model called the Aztec model. In the Aztec model, there exist two tokens: Carbon Stablecoin (CUSD) and Carbon Credit.

Carbon Stablecoins can be used as gas/payment for using decentralized applications, instead of those applications issuing their own native currency. A price-stable cryptocurrency may be used in decentralized applications involving time-sensitive smart contracts, such as betting, insurance, and lending markets. The volatile coin is called Carbon Credit and is a token that is used to absorb demand and price shocks to CUSD.