cUSD Owner Guide

If you intend to hold Celo Dollars (cUSD) or a similar stablecoin like Celo Euros (cEUR), exchange CELO for stablecoins, or send Celo native assets to others, this guide will help you access your account and manage your funds.

Prerequisites

This guide assumes:

Choose a Node

In order to execute the tasks listed below, you will need to point the Celo CLI to a node that is synchronized with the Mainnet. There are two options explained here.

Create an Account

There are two ways to create an account:

After creating an account, record its address in environment variables:

export CELO_ACCOUNT_ADDRESS=<YOUR-CELO-ACCOUNT-ADDRESS>

Exchange CELO for Stablecoins

Once you have deposited CELO to your account, you can check your balance:

celocli account:balance $CELO_ACCOUNT_ADDRESSS

As an example of a common stablecoin swap, you can exchange CELO for cUSD using the following command. This exchanges CELO for stable tokens (cUSD by default) via the stability mechanism. Note that the unit of value is CELO Wei (1 CELO = 10^18 CELO Wei).

celocli exchange:celo --value <VALUE-TO-EXCHANGE> --from $CELO_ACCOUNT_ADDRESS

Transfer Stablecoins

When you have sufficient balance, you can send stablecoins such as cUSD to other accounts. Note that the unit of value is cUSD Wei (1 cUSD = 10^18 cUSD Wei).

celocli transfer:dollars --from $CELO_ACCOUNT_ADDRESS --to <RECIPIENT-ADDRESS> --value <VALUE-TO-TRANSFER>