Cap USD
CUSD#309 by market capNot covered. The criterion it missed: documentation found but no public code repository listed.
Cap USD is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $0.9998, #304 of all coins by size, 15% below its highest ever price.
This week Nothing changed on its record.
No stated job or named backing. No dated promises on its pages. Nothing dated ahead. #27 of 98 USD stablecoins. Nothing to be careful of on the record.
Is it real?
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0 of 4
- –A real-world jobDoes it say what problem it solves, in a category that is not a joke?
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
No named backer
- Origin10 October 2025about about 11 monthscap.app, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorNot on a big exchange we track
- Standing on the recordNo recordNo dated promise to judge yet2 headlines last monthNo corrections needed so far
It is already worth more than the typical coin in USD Stablecoin ($27.7M). To match the leader, Ethena USDe ($4.68B), its price would need to rise 5409%, to about $55.08.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges
- No named investor among its tags
- Only 2 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
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?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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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
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
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
194 coins tagged Stablecoins, worth $309.33B together. #43 of 194 by worth.
USD Stablecoin: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Cap USD$84.88Mthis coin−0.0%no maxno record
Ethena USDe$4.68B55.1× bigger, +$4.59B+0.0%, gap +0.0no maxno record
Dai$4.59B54.0× bigger, +$4.5B−0.0%, gap −0.0no maxnone dated
USD1$4.34B51.2× bigger, +$4.26B+0.0%, gap +0.0no maxno record
Global Dollar$3.32B39.1× bigger, +$3.23B+0.0%, gap +0.0no maxnone dated
PayPal USD$2.87B33.8× bigger, +$2.79B+0.0%, gap +0.0no maxno record
Ripple USD$2.37B28.0× bigger, +$2.29B+0.0%, gap +0.0no maxno record
USDD$1.51B17.8× bigger, +$1.42B−0.0%, gap −0.0no maxnone dated
USD Stablecoin: this coin next to Ethena USDe, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Cap USD says
- Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD.
- Ethena USDe says
- Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate.
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 a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD. cUSD is a digital dollar issued on the Ethereum blockchain that can be used on any network.
Problem it says it solves: a stable digital dollar. 194 coins are working on it and together they are worth $309,327,253,815. This coin is 0% of that.
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?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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USD Stablecoin: this coin next to the group's largest, Ethena USDe.
| Cap USD | Ethena USDe | |
|---|---|---|
| Years trading | 11 months | 2 years |
| Major exchanges | 0 | 5 |
| Named backers | 0 | 0 |
| Headlines, last month | 2 | 32 |
| Promises delivered | no record | no record |
What it says is different: Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD. cUSD is a digital dollar issued on the Ethereum blockchain that can…
It is 1.8% the size of Ethena USDe. On the facts above it is behind on years trading, major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
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: $1.17 on 10 October 2025. Today is 85% of that.
100%
of all CUSD that will ever exist is already out in public hands: 84.89M coins.
Nothing is held back. Every coin is already out.
out held back. Each dot is 1%.
Meant to stay at one dollar
Holding it is holding a copy of a dollar. It is not built to rise.
- 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.
- 84.89Min circulation of 84.89M total. No hard maximum is set, so more can be created.
- of its all-time high of $1.17 on 10 October 2025. That is −14.6% from the top.
- #304by market cap, $84,876,047.
- 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.
What the news says
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Headlines per day, last 30 days
2 headlines named this coin in the last month.
What they were about
- Price1
- Cap Price (CAP/USD) Today | Live Price, Market Cap & Chart
- Cap Marks One Year Onchain With 430% Growth in Average Underwriter Capital
Headlines are the publishers' own. News is never placed next to price.
The record itself
Not covered. The criterion it missed: documentation found but no public code repository listed.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy