Cygnus Finance Global USD

Cygnus Finance Global USD (CGUSD) is a fiat-backed stablecoin issued on the Base blockchain, designed to maintain a value close to one US dollar. The protocol describes itself as backed by short-term US government debt instruments, making it a real-world-asset stablecoin aimed at users who want a dollar-denominated token that carries exposure to US Treasury returns rather than sitting idle. It positions itself as the first native interest-bearing stablecoin and the first native real-world-asset protocol on Base.

CGUSD lives on the Base network, a Layer 2 blockchain, and no consensus algorithm is separately recorded for the token itself since it inherits Base's underlying settlement. The token is described as backed one-for-one by short-term US debt assets held off-chain, so each unit in circulation is intended to be redeemable against that collateral pool. All circulating supply — 76,259,038 tokens at the point the data was recorded — has already been issued, meaning no additional supply is pending, and the fully diluted value equals the market capitalisation because no maximum supply cap has been set.

The data supplied to this site contains no recorded fee streams, revenue figures, or protocol income metrics for CGUSD. The protocol's documentation suggests that yield from the underlying US debt collateral is a core part of the design, but no specific fee rates or distribution figures are stored here, so fee-based measures cannot be calculated or reported. The 24-hour turnover ratio of 0.000002 and the 30-day average turnover of 0.000022 relative to market capitalisation indicate very thin secondary-market trading volume, which is common for stablecoins primarily used as a savings or collateral instrument rather than actively traded.