Cygnus Finance Global USD

Cygnus Finance Global USD (CGUSD) is a fiat-backed stablecoin issued by Cygnus Finance, a protocol built on the Base blockchain, designed to maintain a value of one US dollar. It is backed by short-term US government debt instruments, meaning the collateral is intended to reflect the stability and creditworthiness of near-term US Treasury assets. The token is aimed at users and applications that want a dollar-denominated digital asset whose backing comes from real-world, government-issued debt rather than other cryptocurrencies.

CGUSD lives on the Base network, a layer-2 blockchain, and is categorized as a native asset of that ecosystem. As a fiat-backed stablecoin collateralized by short-term US debt assets, new tokens are minted when backing assets are deposited into the protocol and redeemed when they are withdrawn, with the collateral pool intended to hold its dollar value through the underlying instruments. No consensus algorithm or block time is recorded for the token itself, as those properties belong to the Base network that settles its transactions.

The data provided does not include a fee revenue figure for Cygnus Finance, so this site carries no fee-based metrics such as price-to-fees or protocol revenue for CGUSD. The protocol's description notes it is interest-bearing, suggesting that yield generated by the underlying US debt assets may flow to token holders or the protocol, but no specific fee stream or yield figure is stored here. The circulating stablecoin supply stood at approximately 75,818,523 CGUSD at the point of measurement, and that supply grew by roughly 4.23 percent over the trailing 30 days.