Cap USDCUSD#294

Cap offers a stablecoin protocol built on Ethereum that gives you two concrete options: cUSD, a dollar-denominated stablecoin, and stcUSD, its yield-bearing variant. Both are designed for direct usability across networks. cUSD maintains a 1:1 redemption guarantee backed by regulated stablecoins—USDC, USDT, pyUSD, BUIDL, and BENJI—each with transparent attestations. You hold the reserve assets directly, no abstract collateral structures. stcUSD works differently. Stake your cUSD and earn yield through an operator network that scales based on protocol hurdle rates. The system covers downside risk, meaning your principal protection is built in and verifiable. No hidden exposure, no unhedged bets. Access to stcUSD remains open to any cUSD holder without restrictions. This structure prioritizes transparency over complexity. You can redeem cUSD for any reserve asset at par value, and yield generation operates through clearly defined operator incentives. It's stablecoin infrastructure built on auditable mechanics rather than promises.