Cap’s Ethereum mainnet debut introduces cUSD and stcUSD stablecoins with yield via Aave, Chainlink oracle pricing, and support from major institutional partners.
The stablecoin protocol Cap has officially launched on Ethereum, offering two stablecoins: cUSD, minted with USDC and earning Caps points, and stcUSD, now live on Pendle. Idle USDC collateral for cUSD is deployed to Aave for yield, while cUSD pricing is sourced from Chainlink oracles. Institutional backers include IMC Trading, Edge Capital, and Susquehanna Crypto. The launch builds on Cap’s $11 million funding round earlier in the year, which included Franklin Templeton and Triton Capital.