Trading of Cap has started on Kucoin, Bybit, and others. The price is $0.0276 (2.6 times the clearing price of the sale on Uniswap). FDV: $277 million.

CAP on Kucoin

Cap is a yield-bearing stablecoin protocol. You mint cUSD, stake it in stcUSD, and earn yield.

The team has raised ~$11M across two rounds.

Pre-seed (August 2024): $1.9M. Investors: Kraken Ventures, Robot Ventures, Anagram, ABCDE Capital, SCB Limited, and others.

Seed (April 2025): ~$8M. Lead investors—Franklin Templeton and Triton Capital.

Also participated: Susquehanna, Nomura Laser Digital, GSR, Flow Traders, IMC Trading, RockawayX, Michael Egorov (creator of Curve), Bryan Pellegrino (LayerZero).

Twitter: https://x.com/CapApp

Website: https://www.cap.app/

Project profile: https://dropscapital.com/material/22212