Cap USD
Cap is a stablecoin protocol that provides trusted financial security through two products:USD Cap -denominated cUSD and yield-bearing stcUSD. cUSD is issued on Ethereum currency issued on the MegaETH USD blockchain and usable on any network. cUSD reserves are backed by USDC、USDT、pyUSD、BUIDL X and BENJI Ethereum and other blue-chip stablecoins, meaning they are issued by regulated institutions that provide transparent attestations. It can be redeemed for any available reserve asset at 1: 1 par. stcUSD is a savings product issued by staking cUSD. Any cUSD holder can use stcUSD freely. Yield is generated by a layer of autonomous operators, who independently choose to join or exit based on the protocol’s current threshold interest rate. The risks associated with yield generation are covered, meaning users benefit from comprehensive downside protection verifiable by code.
Overview
Cap is a stablecoin protocol that provides trusted financial security through two products:USD Cap -denominated cUSD and yield-bearing stcUSD. cUSD is issued on Ethereum currency issued on the MegaETH USD blockchain and usable on any network. cUSD reserves are backed by USDC、USDT、pyUSD、BUIDL X and BENJI Ethereum and other blue-chip stablecoins, meaning they are issued by regulated institutions that provide transparent attestations. It can be redeemed for any available reserve asset at 1: 1 par. stcUSD is a savings product issued by staking cUSD. Any cUSD holder can use stcUSD freely. Yield is generated by a layer of autonomous operators, who independently choose to join or exit based on the protocol’s current threshold interest rate. The risks associated with yield generation are covered, meaning users benefit from comprehensive downside protection verifiable by code.
- Sector
- # Stablecoins
- Ecosystem
- Ethereum