Stablecoin protocol Cap launches on Ethereum mainnet, launching two stablecoin products: cUSD and stcUSD

Users can mint cUSD with USDC and earn native "Caps" (caps). The protocol is jointly maintained by operators and re-stakers. All idle USDC will be deployed to Aave to earn base yield. stcUSD is now listed on Pendle, with cUSD prices provided by Chainlink oracles. Institutions such as IMC Trading, Edge Capital, and Susquehanna Crypto are among the first stakeholders in the protocol.