Cap cUSD

Cap approaches yield as something to outsource rather than manufacture. Built on the high-speed MegaETH chain, its cUSD is a dollar redeemable one-for-one and backed by a basket of institutional-grade assets, including PayPal's PYUSD and tokenized money-market funds from BlackRock and Franklin Templeton. Yield does not accrue to the base token; instead holders stake cUSD into stcUSD, whose return is generated by independent operators who borrow protocol liquidity to run strategies, with restakers from networks like EigenLayer underwriting their credit risk. That structure, backed by a Franklin Templeton-led seed round, is meant to give savers a floating return without exposing them directly to any single operator. Ordinary holders can mint and redeem the base coin at par, while the staked version carries the risk and reward. Cap is young, and its guarantees rest on the restaking layer holding up under stress.