Cap cUSD (CUSD) stablecoin analytics
CUSD is Cap's USD stablecoin minted against a vault basket of regulated stablecoins and tokenized T-bill funds, with EigenLayer-secured AVS coverage.
Static Profile
Static stablecoin profile
Cap cUSD (CUSD) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 15, 2026
cUSD is Cap's diversified basket of regulated stablecoins and tokenized T-bill funds; clever distribution if everything works, shared contagion if one fails. Cap's cUSD is a basket wrapper backed by 35% USDC, 25% USDT, 20% BlackRock's BUIDL, 10% WisdomTree's WTGXX, and 10%...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Governance-whitelisted basket of regulated dollar-denominated crypto assets: regulated stablecoins (e.g. USDC) and tokenized government money-market funds (e.g. wrapped WisdomTree Government MMF, wWTGXX); idle reserve capital is deployed into US T-bill yield and crypto lending strategies via the protocol's fractional-reserve module. The accepted assets are governance-controlled rather than a fixed list.
- Peg Mechanism
- Dynamic-fee vault: users deposit whitelisted reserve assets to mint cUSD at oracle-determined value; redemptions return a proportional basket of all underlying assets, socializing any reserve depeg across redeemers; dynamic interest rates prevent full utilization so redemptions remain atomic; secured by EigenLayer AVS
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by Cap reserves dashboard Reserve source
Snippet Answer
Is CUSD safe?
Pharos does not mark CUSD as absolutely safe. Static metadata says Cap cUSD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from Cap reserves dashboard; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. 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 cusd-cap
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.
CUSD quick answers
What is Cap cUSD (CUSD)?
CUSD is Cap's USD stablecoin minted against a vault basket of regulated stablecoins and tokenized T-bill funds, with EigenLayer-secured AVS coverage. The static profile records its US Dollar peg mechanism as: Dynamic-fee vault: users deposit whitelisted reserve assets to mint cUSD at oracle-determined value; redemptions return a proportional basket of all underlying assets, socializing any reserve depeg across redeemers; dynamic interest rates...
What backs CUSD?
Pharos classifies CUSD backing as Real-World Asset Backed. Collateral, per the static profile: Governance-whitelisted basket of regulated dollar-denominated crypto assets: regulated stablecoins (e.g. USDC) and tokenized government money-market funds (e.g. wrapped WisdomTree Government MMF, wWTGXX); idle reserve capital is deployed... Reserve evidence: Real-Time PoR from Cap reserves dashboard.
Can CUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for CUSD, when applicable, appear in the dossier below.