Cap Labs has successfully raised $8 million in a funding round, supported by Franklin Templeton and Triton Capital, among others. This investment increases their total fundraising to $11 million, following a previous $3 million round. The funds will be directed towards the development of Cap's stablecoin engine, expected to launch later this year. Cap's platform aims to democratize yield generation by allowing users to earn passive interest from various tokens and additional yield through restaking protocols like EigenLayer. This initiative highlights the growing interest in stablecoin-focused Web3 solutions.