Cap cUSD (CUSD) stablecoin analytics
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CUSD
Cap's cUSD is a basket wrapper backed by 35% USDC, 25% USDT, 20% BlackRock's BUIDL, 10% Franklin Templeton's BENJI, and 10% PayPal's PYUSD — five institutional-grade stablecoins blended into a single token with a maximum 40% concentration cap per asset. The dynamic-fee vault mechanism adjusts minting and redemption costs in real-time to prevent full utilization, ensuring atomic redemptions remain available, while EigenLayer AVS provides the economic security layer. Redemptions return a proportional basket of all underlying assets rather than a single stablecoin, which socializes any individual reserve depeg across all redeemers — clever risk distribution if everything works, shared contagion if one component fails. Ethereum-only deployment and wrapper-classified governance mean cUSD is less an independent stablecoin and more a diversification instrument for holders who want institutional RWA exposure without choosing sides.
Detailed stablecoin analytics coming soon...