Cap USD

CUSD Price

About Cap USD (cUSD)

Cap USD is a stablecoin protocol designed to provide verifiable financial guarantees through its decentralized, dollar-denominated asset and integrated yield-bearing products.

• Operates as a three-sided marketplace connecting operators, restakers, and end users to facilitate institutional-grade private credit.
• Utilizes a self-enforcing "Type III" model where smart contracts autonomously manage capital allocation and safety recourses.
• Maintains a reserve backed by regulated stablecoins like USDC and USDT, ensuring 1:1 redeemability for users.

What Is Cap USD

Cap USD is a protocol that issues cUSD, a digital dollar designed for cross-network utility on the Ethereum blockchain. It aims to bridge the gap between traditional store-of-value stablecoins and the demand for scalable, exogenous yield. The protocol facilitates a credit system where value is generated by lending liquid assets to regulated financial institutions for investment strategies.

The token is "put to work" through two primary avenues: cUSD serves as the base transactional unit and collateral, while stcUSD (staked cUSD) allows holders to access yield generated by the protocol's operators. This ecosystem scales by integrating with Shared Security Models (SSMs), allowing the protocol to increase its credit capacity as more restaked collateral enters the system.

What Makes Cap USD Unique

• Self-Enforcing Yield: Unlike traditional stablecoins that rely on centralized teams or DAO committees to select investment strategies, Cap USD uses smart contracts to autonomously regulate operator participation based on benchmark interest rates.
• Downside Protection via Restaking: The protocol implements a slashing mechanism where restakers provide crypto-assets as a bond. If an operator fails to meet its obligations, these bonds are programmatically slashed to compensate stablecoin holders.
• Exogenous Yield Access: Cap USD focuses on "real yield" sourced from institutional lending and private credit markets rather than inflationary protocol rewards or circular DeFi incentives.

What Can You Use Cap USD for?

Cap USD is pegged to the US Dollar.

1. Value retention: Users can hold cUSD as a digital representation of the US Dollar on the Ethereum blockchain, providing a stable medium to store value and reduce exposure to broader cryptocurrency market volatility.
2. Yield generation: Holders can stake cUSD to receive stcUSD, which accrues yield generated by autonomous operators. This yield is sourced from institutional lending and private credit strategies rather than sovereign debt instruments like US Treasuries, unless specific reserve assets like BUIDL or BENJI are utilized as backing.
3. Cross-border settlement / value transfer: cUSD enables international remittances and global value transfer by allowing users to send US Dollar-pegged value across any supported network with reduced friction compared to traditional banking systems.
4. Collateralization: The asset can be used as backing within the Cap protocol to facilitate borrowing and lending, and it serves as the underlying capital for financial guarantees issued to institutional borrowers.

How Does Cap USD Work?

Cap USD functions as a marketplace involving three key parties: operators (who borrow capital to generate yield), restakers (who provide security for those operators), and depositors (who provide the liquid US Dollar capital). Operators must secure delegations from restakers to use locked crypto-assets as collateral before they can borrow cUSD.

The protocol regulates capital allocation through a programmatic benchmark interest rate. Operators self-select into the protocol based on their ability to deliver returns above this rate. While cUSD is issued on Ethereum and MegaETH, it is an application utility token within its own credit ecosystem, and users pay protocol service fees for transactions and management rather than network gas fees for its internal credit operations.

Team Info and Investors

Cap USD was developed by Cap Labs, led by founders Benjamin and Jae. The project has established institutional partnerships with major DeFi and credit entities, including EtherFi, Symbiotic, M11 Credit, and FalconX. These partnerships support the protocol's institutional restaking and private credit infrastructure.

Where can you buy Cap USD?

CUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Cap USD is Kumbaya, where the most active trading pair CUSD/USDM has a trading volume of $40.32 in the last 24 hours. Other popular options include DODO (Ethereum) and Prism.

What is the daily trading volume of Cap USD (CUSD)?

The trading volume of Cap USD (CUSD) is $41.45 in the last 24 hours, representing a 333.30% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Cap USD (CUSD)?

Cap USD (CUSD) reached an all-time high of $1.17 and an all-time low of $0.9071. It’s now trading -14.60% below that peak and 10.20% above its lowest price.

What is the market cap of Cap USD (CUSD)?

Market capitalization of Cap USD (CUSD) is $66,933,292 and is ranked #353 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CUSD tokens (67 Million tokens are tradable on the market today).

What is the fully diluted valuation of Cap USD (CUSD)?

The fully diluted valuation (FDV) of Cap USD (CUSD) is $66,933,292. This is a statistical representation of the maximum market cap, assuming total number of 67 Million ETH tokens are in circulation today.

How does the price performance of Cap USD compare against its peers?

With a price decline of 0.00% in the last 7 days, Cap USD (CUSD) is outperforming the global cryptocurrency market which is down -4.60%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.20%.

How to add Cap USD (CUSD) to MetaMask?

Adding Cap USD (CUSD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import CUSD as a token. You can copy CUSD’s contract address (0xcccc62962d17b8914c62d74ffb843d73b2a3cccc) and import it manually, or if you've installed MetaMask's chrome extension, add CUSD to MetaMask with one click on CoinGecko.

Add CUSD to MetaMask.