Cygnus Finance Global USD (cgUSD) stablecoin analytics
cgUSD is Cygnus Finance's rebasing USD stablecoin on Base, backed by short-term U.S. Treasuries and stablecoins, with daily rebases reflecting NAV.
Static Profile
Static stablecoin profile
Cygnus Finance Global USD (cgUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 15, 2026
cgUSD is Cygnus Finance's daily-rebasing T-bill dollar on Base; NAV-vs-price arbitrage friction produced hundreds of depeg events. Cygnus Finance's cgUSD rebases daily on New York banking days to reflect its portfolio NAV — 80% off-chain T-bills with 15% in on-chain USDC/USDT...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Short-term U.S. Treasury bills held off-chain, supplemented by on-chain stablecoins (USDC/USDT); supply rebases daily on New York banking days to match portfolio net asset value including accrued interest
- Peg Mechanism
- Daily rebase on NYC banking days aligning total supply with portfolio NAV; 1:1 USDC redemption via two-step withdrawal (request + claim, 5–7 day settlement); Transmuter enables instant 1:1 conversion between cgUSD and USDC; Elixir AMO manages on-chain liquidity
- Jurisdiction
- United States
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Base.
Snippet Answer
Is cgUSD safe?
Pharos does not mark cgUSD as absolutely safe. Static metadata says Cygnus Finance Global USD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety cgusd-cygnus-finance
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
cgUSD quick answers
What is Cygnus Finance Global USD (cgUSD)?
cgUSD is Cygnus Finance's rebasing USD stablecoin on Base, backed by short-term U.S. Treasuries and stablecoins, with daily rebases reflecting NAV. The static profile records its US Dollar peg mechanism as: Daily rebase on NYC banking days aligning total supply with portfolio NAV; 1:1 USDC redemption via two-step withdrawal (request + claim, 5–7 day settlement); Transmuter enables instant 1:1 conversion between cgUSD and USDC; Elixir AMO...
What backs cgUSD?
Pharos classifies cgUSD backing as Real-World Asset Backed. Collateral, per the static profile: Short-term U.S. Treasury bills held off-chain, supplemented by on-chain stablecoins (USDC/USDT); supply rebases daily on New York banking days to match portfolio net asset value including accrued interest Reserve evidence: live reserve feed configured.
Can cgUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for cgUSD, when applicable, appear in the dossier below.