Stablecoin protocol Cap launches on Ethereum, introducing cUSD and stcUSD

According to news from Hashi Chain, the stablecoin protocol Cap has officially launched on the Ethereum mainnet, introducing two stablecoins: cUSD and stcUSD. Users can mint cUSD with USDC while also earning points called 'Caps'. The protocol is maintained jointly by operators and re-stakers, and all idle USDC is deployed to Aave to generate base yield. In addition, stcUSD has been launched on Pendle, and the price of cUSD is provided by the Chainlink oracle. Institutions such as IMC Trading, Edge Capital, and Susquehanna Crypto are among the first participants in the protocol's revenue.