Convert between CUSD and US dollars at the live rate.
$1.17
−14.56% from current
$0.907113
+10.23% from current
Independent editorial ranking. Score is 0–10 across six criteria: Security, Fees, UX, Features, Support, Reputation.
US and EU users who prioritise a spotless security record — no major hack since 2011 — and want a serious pro-grade trading terminal.
Institutions and funds requiring an SEC-registered venue with segregated qualified custody and audited on-chain reserves.
Active spot traders chasing the deepest global liquidity and the widest listing catalogue outside the US perimeter.
Traders who mix spot and on-chain — the Web3 wallet, DEX aggregator and Ethereum L2 X Layer sit inside the same account as CEX pairs.
Long-horizon EU holders who want the oldest continuously-operating exchange (2011) with conservative listings and full MiCA licensing.
Derivatives-first traders who want tighter perp funding and a maker-friendly fee schedule; accept offshore regulatory footprint.
Top coins in the same category, ordered by market cap.
Cap USD (CUSD) is a yield-bearing dollar token issued by the Cap protocol. Each CUSD represents one unit of dollar exposure inside a system that routes deposits to whitelisted operators running capped, risk-managed yield strategies. The token sits in the synthetic dollar landscape next to assets like Ethena USDe and Ondo USDY, but with a different operator-curated design.
Unlike a passive stablecoin that simply holds reserves, CUSD is engineered to accrue yield to holders through external strategy returns. The protocol enforces strategy caps, collateral requirements on operators, and on-chain risk parameters so that exposure to any single venue or strategy is bounded. The result is a dollar-denominated token that behaves like a savings instrument while remaining transferable across DeFi.
The Cap USD price targets $1, with yield distributed to holders rather than appearing as price drift above peg. Live data on this page is aggregated from a multi-venue feed and refreshes every 60 seconds. Small deviations are normal and reflect arbitrage spread, redemption queue depth, and short-term DeFi liquidity.
What moves CUSD around its peg:
The numbers in the price card above are live. For yield-bearing dollars, the more important metric is the realised APY net of operator fees and protocol risk.
Cap is built around a separation between the issuance layer and the yield layer. The issuance layer mints and redeems CUSD against accepted collateral. The yield layer is a curated set of operators who borrow that capital under enforceable risk constraints to run strategies such as basis trades, lending, RWA exposure, or market making.
This operator-routed model is the core distinction. Holders are not exposed to a single counterparty or a single strategy. They are exposed to a portfolio of capped strategies, each ring-fenced by its own collateral and risk envelope.
CUSD competes inside a fast-growing category. The differences matter for yield source, risk profile, and regulatory standing.
Most active DeFi users hold a mix. CUSD for diversified on-chain yield, classic stablecoins for liquidity, and a tokenised T-bill product for the most conservative bucket.
CUSD itself is a soft-pegged dollar token with no fixed supply cap. Supply expands as collateral is deposited and contracts as it is redeemed. The protocol generally exposes yield in two ways:
APY is variable. It reflects current operator strategy returns minus protocol fees and any reserve build-up for risk buffers. During calm markets, basis-style strategies typically dominate. During volatile periods, lending and RWA exposures become a larger share of the yield mix.
CUSD is designed to plug into the same DeFi rails as other dollar tokens, with collateral, lending, and DEX integrations expanding alongside protocol maturity.
Acquiring CUSD is mostly an on-chain flow with a small CeFi on-ramp at the start.
Treat CUSD allocation like any DeFi position. Start small, confirm the contract address from the official Cap documentation, and avoid signing blanket token approvals on unfamiliar interfaces.
CUSD is not riskless. The risks are different from a fiat-backed stablecoin and need to be understood before sizing a position.
This page is information, not financial advice. Yield-bearing dollar tokens carry strategy and counterparty risk that is easy to underestimate when peg looks stable.
Analysis last updated:
Cap USD (CUSD) trades at $0.999893 with a 24-hour volume of $6.1K and a market capitalization of $76.13M. The asset is currently ranked #305 among all tracked cryptocurrencies.
In the last 24 hours, the CUSD price has risen +0.00%. On a seven-day window, Cap USD has climbed +0.01%, showing consistent upward momentum across both windows. Short-term moves are often amplified by liquidity, news flow, and derivatives positioning, so confirm signals across multiple indicators before acting.
Cap USD's all-time high of $1.17 was set on October 11, 2025. The current price sits +14.56% below that peak. Distance from the all-time high is a common reference point when evaluating long recoveries and macro support or resistance.
Buying Cap USD (CUSD) is a five-step routine once you have picked the right venue and pair. The steps below mirror what most investors do today.
You can also use the Cap USD converter above to estimate how much CUSD you would get for a given dollar amount before placing the order.
Whether Cap USD is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, CUSD carries real market risk: prices can rise or fall sharply in a day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
