cap

Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD.

## Overview Cap is a stablecoin protocol operating on Ethereum that issues two distinct products: cUSD, a dollar-denominated stablecoin, and stcUSD, a yield-bearing variant. The protocol exists to address a specific problem in decentralized finance: the need for stable value storage combined with optional yield generation, backed by credible financial guarantees rather than pure collateral mechanics or algorithmic assumptions. The distinction between cUSD and stcUSD matters operationally. cUSD functions as a straightforward unit of account pegged to the US dollar, suitable for transactional us