Cygnus Finance Global USD (cgUSD) stablecoin analytics
Answer First
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 New York banking days aligns supply with portfolio NAV; USDC redemption uses Cygnus's Request + Claim withdrawal flow, normally taking 5-7 days.
Is cgUSD safe?
Pharos does not assess cgUSD as safe: it holds a D Safety Score grade (40/100) in the latest published rating, which flags significant structural risk. 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.
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 Sep 7, 2026
cgUSD is Cygnus Finance's daily-rebasing T-bill dollar on Base, and the gap between off-chain NAV and on-chain price has produced a long tail of depeg events. The reserve model is described rather than shown: Cygnus states the portfolio holds short-term T-bills off-chain plus on-chain USDC and USDT, but publishes no weights, no custodian name, and no attestation, so Pharos carries the whole reserve as one unsplit basket.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Off-chain U.S. Treasury exposure and on-chain stablecoins, with actual holdings and weights undisclosed in the reviewed issuer pages; supply rebases on New York banking days to portfolio NAV including interest. Native Base minting deposits USDC.
- Peg Mechanism
- Daily rebase on New York banking days aligns supply with portfolio NAV; USDC redemption uses Cygnus's Request + Claim withdrawal flow, normally taking 5-7 days. The withdrawal FAQ quotes a 35-basis-point fee and warns that Treasury price fluctuations can reduce the claimable amount.
- Jurisdiction
- British Virgin Islands
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Base.
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 Sep 7, 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 New York banking days aligns supply with portfolio NAV; USDC redemption uses Cygnus's Request + Claim withdrawal flow, normally taking 5-7 days.
Is cgUSD safe?
Pharos does not assess cgUSD as safe: it holds a D Safety Score grade (40/100) in the latest published rating, which flags significant structural risk. 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.
What backs cgUSD?
Pharos classifies cgUSD backing as Real-World Asset Backed. Collateral, per the static profile: Off-chain U.S. Treasury exposure and on-chain stablecoins, with actual holdings and weights undisclosed in the reviewed issuer pages; supply rebases on New York banking days to portfolio NAV including 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.
