Cap is an app that combines a digital dollar, a lending platform, and a marketplace where loans are backed by guarantees. Of the 10 things it promised, it delivered 3, 7 are past due and not yet checked; nothing dated is coming up. It trades at $0.0603, #286 of all coins by size, 23% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. Delivered 3 of 10, 7 past due, not yet checked. Nothing dated ahead. #7 of 38 lending/borrowing protocols. 1 reason to be careful.
Is it real?
Reasons to be careful:Half the supply still to come
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Passes all four
- ✓A real-world jobReal-world purpose: a stable digital dollar
- ✓Real backingBacking: trades on Coinbase, Crypto.com, Kraken
- ✓Something aheadAhead: 3 of 10 promises delivered
- ✓Room to growRoom: worth $94.28M, 21 times smaller than Aave, the biggest coin within reach doing the same thing (Lending/Borrowing Protocols)
Listed on 6 big exchanges
- Origin12 July 2026about about 2 monthscap.app, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorListed on Coinbase, Crypto.com, Kraken, Bybit
- Standing on the record3 of 100 confirmed by outside news, 7 past due, not yet checked78 headlines last month, 5 about governmentNo corrections needed so far
- Real-world purpose: a stable digital dollar
- Backing: trades on Coinbase, Crypto.com, Kraken
- Ahead: 3 of 10 promises delivered
- Room: worth $94.28M, 21 times smaller than Aave, the biggest coin within reach doing the same thing (Lending/Borrowing Protocols)
It is already worth more than the typical coin in Lending/Borrowing Protocols ($10M). To match the leader, Aave ($1.95B), its price would need to rise 1972%, to about $1.25.
Still to check
- No named investor among its tags
- Years younger than the group's leader
What to do It has delivered 3 of 10 dated promises and nothing dated is ahead. Add it to My coins and come back when it posts a new date; until then the record has nothing new to say.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
3 of 10
promises delivered, by the project's own pages
0 of those confirmed by an outside news report
Promises by the year they were due
delivered open past due
delivered open past due, not yet checked today. Click a point to open that promise.
- Past dueQ1 2026Cap planned to hold a token sale (an ICO) and a stabledrop in the first quarter of 2026.168 days overdue, not yet checkedProof Not checked for an article yet.
- Past dueQ2 2026Cap aimed to reach $1 billion in total platform deposits during the second quarter of 2026.77 days overdue, not yet checkedProof Not checked for an article yet.
- Past dueQ2 2026Cap said its next project, planned for the second quarter of 2026, would address a gap in onchain credit markets for institutions that have not borrowed onchain before.77 days overdue, not yet checkedProof Not checked for an article yet.
- Past dueQ2 2026Cap planned to work with the SEAL security team to certify its security practices in the second quarter of 2026.77 days overdue, not yet checkedProof Not checked for an article yet.
- Past dueQ2 2026Cap planned to expand into the Middle East and hire a Middle East lead in the second quarter of 2026.77 days overdue, not yet checkedProof Not checked for an article yet.
- Past dueQ2 2026Cap aimed to increase its guarantee collateral deposits to more than $500 million in the second quarter of 2026.77 days overdue, not yet checkedProof Not checked for an article yet.
- Past dueQ2 2026Cap planned to expand its loan offerings in the second quarter of 2026 to include leverage buyouts, inventory financing, payment financing, and term loans to companies that are not trading firms.77 days overdue, not yet checkedProof Not checked for an article yet.
- DeliveredQ1 2026Cap aimed to lend 30% of its US dollar reserves to borrowers in the first quarter of 2026.delivered 15 April 2026Outside check not run yetProof Not checked for an article yet.
- DeliveredQ1 2026Cap planned to redesign its website, cap.app, in the first quarter of 2026.delivered 15 April 2026Outside check not run yetProof Not checked for an article yet.
- DeliveredQ1 2026Cap planned to launch its cUSD and stcUSD tokens on the MegaETH blockchain in the first quarter of 2026.delivered 15 April 2026Outside check not run yetProof Not checked for an article yet.
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A stable digital dollar
18 coins we checked say they are for a stable digital dollar, worth $272.87B together. #17 of 18 by worth.
Lending/Borrowing Protocols: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Cap$94.28Mthis coin+25.3%16% out3 of 10 delivered
Aave$1.95B20.7× bigger, +$1.86B+0.2%, gap −25.196% outno record
Morpho$1.47B15.6× bigger, +$1.38B−4.2%, gap −29.469% outnone dated
Olympus$301.26M3.2× bigger, +$206.98M−0.9%, gap −26.1no maxnone dated
Maple Finance$242.3M2.6× bigger, +$148.03M−4.0%, gap −29.2no max0 of 1 delivered
Compound$191.14M2.0× bigger, +$96.86M−2.9%, gap −28.1100% outnone dated
Kamino$137.37M1.5× bigger, +$43.09M−0.2%, gap −25.455% out0 of 1 delivered
Spark$60.53M1.6× smaller, −$33.75M−3.0%, gap −28.233% outno record
Lending/Borrowing Protocols: this coin next to Aave, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Cap says
- Cap is an app that combines a digital dollar, a lending platform, and a marketplace where loans are backed by guarantees.
- Aave says
- Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Cap is an app that combines a digital dollar, a lending platform, and a marketplace where loans are backed by guarantees.
Its listing puts it this way: Cap is a covered credit application consisting of a digital dollar, a credit platform, and a financial guarantee market to underwrite individual loans. The digital dollar is backed by dollar assets, such as regulated money market funds and payment stablecoins.
Problem it says it solves: a stable digital dollar. 27 coins we have checked say the same; together they are worth $275,379,450,817.
Where it trades: Coinbase, Crypto.com, Kraken, Bybit, KuCoin
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
1 reason to be careful
- Half the supply still to come84% of the maximum supply is still to come
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Lending/Borrowing Protocols: this coin next to the group's largest, Aave.
| Cap | Aave | |
|---|---|---|
| Years trading | 2 months | 6 years |
| Major exchanges | 6 | 10 |
| Named backers | 0 | 1 |
| Headlines, last month | 78 | 55 |
| Promises delivered | 3 of 10 | no record |
What it says is different: Cap is a covered credit application consisting of a digital dollar, a credit platform, and a financial guarantee market to underwrite individual loans. The digital dollar is backed by dollar assets, such as regulated…
It is 4.8% the size of Aave. On the facts above it is behind on years trading, major exchanges, named backers. Nothing here says it will; the site does not predict.
Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $0.0783 on 14 August 2026. Today is 77% of that.
16%
of all CAP that will ever exist is already out in public hands: 1.56B coins.
84% (8.44B coins) is already created but not in public hands, held by the project or locked in escrow. That is a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
A share of the app's fees or votes
Apps like this usually pay holders from fees or give them a vote. Check which.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 1.56B of 10B.
- 8.44Bcoins still to be released, 84% of the maximum. Releases can add selling pressure.
- 6.4×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $0.0783 on 14 August 2026. That is −22.9% from the top.
- #286by market cap, $94,279,488.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $338.7M is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
78 headlines named this coin in the last month.
What they were about
- Price41
- AI6
- Treasury3
- ETF2
- Tokenization2
- Unlock1
- Upgrade1
- Whales1
Why it movedUp 25% today. No headline named it in the last three days, so the move is not explained by news we can see.
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78 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Cap is an app that combines a digital dollar, a lending platform, and a marketplace where loans are backed by guarantees.
“Cap is a covered credit application consisting of a digital dollar, a credit platform, and a financial guarantee market to underwrite individual loans.”source · snapshot · captured 2026-09-14
Live. The record does not yet cite when this stage began.
3 of 10 promises delivered. 7 past due with no delivery recorded, not yet checked by a person.
Others in stablecoins: Synthetix 6 of 11, A7A5 0 of 3, Frax USD 0 of 1, Kaia 0 of 2, and 3 more.Others in lending protocols: XRP 2 of 3, Fluid 0 of 7, Kamino 0 of 1, Maple Finance 0 of 1, and 2 more.
No public code repository is listed in this record.
None of the project's captured pages has changed since capture began on 10 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.