Non-custodial synthetic dollar where institutional agents generate yield via EigenLayer-secured restaking (contract TBD post-mainnet).
Historical peg variance
Tight peg90-day series · source: DeFi Llama
Chain distribution
Circulating supply by chain · updated 7d ago
Ethereum67.0M cUSD99.7%
MegaETH143.9K cUSD0.2%
Tempo51.8K cUSD0.1%
Metadata
Links
Issuance
Backing & mint/redeem mechanics per the issuer.
Peg mechanismCrypto-backed
Users deposit reserve assets to mint cUSD at oracle value. cUSD's reserve is backed by blue chip stablecoins such as USDC, USDT, pyUSD, BUIDL, and BENJI, i.e. issued by regulated institutions with transparent attestations. It is 1:1 redeemable for any of the available reserve assets.