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The income-generating stablecoin Cap, which raised $11 million in financing, has officially launched and is now available for deposit to earn points.
Odaily News Cap, a yield-bearing stablecoin that raised $11 million, has officially launched. Users can now deposit USDC on the Ethereum Mainnet to exchange for cUSD, earning yields while accumulating points (caps). Previously, it was reported that Cap announced the completion of $11 million in funding in April this year, with investors including Franklin Templeton and Triton Capital.