CGUSD, issued by Cygnus Information Limited, is a U.S. dollar-pegged interest-bearing rebasing stablecoin that passes yield from short-term U.S. Treasury Bills to tokenholders and remains redeemable at a 1:1 ratio to USD Coin (USDC) [S1][S2].

Each CGUSD tracks the U.S. dollar (USD) at approximately 1:1, with the holder balance growing continuously through a daily rebase that shares pure interest income from U.S. Treasury Bills [S1][S2][S3]. Rebasing occurs once per New York banking day [S2][S3]. The disclosed effective yield is the protocol APR multiplied by one minus the protocol fee, where a combined transaction and management fee of 35 basis points is deducted from returns [S4][S5].

Cygnus Finance, operated by Cygnus Information Limited, issues CGUSD as a stablecoin token position whose balance accrues Treasury interest rather than a named legal instrument [S1][S2][S6]. The product is permissionless; tokenholders may obtain CGUSD through direct smart contract interaction, with no documented investor gate or excluded jurisdictions [S4][S7]. Holders redeem to USDC at 1:1 through a two-step Request-and-Claim process funded by selling U.S. Treasury Bills held in a custodian account, settling in roughly 5 to 7 days, with no minimum or maximum withdrawal limits [S4][S5].

CGUSD is a rebasing stablecoin token issued natively on the Base blockchain [S1][S3]. A non-rebasing wrapper, wcgUSD, follows the ERC-4626 tokenized-vault standard and converts to and from CGUSD without fees [S3][S7]. Users mint by depositing USDC; total supply synchronizes to portfolio net asset value (NAV) each New York banking day, driving the peg and balance growth [S1][S3].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://wiki.cygnus.finance/whitepaper/cygnus-omnichain-liquidity-validation-system-lvs/cygnus-lvs-integration/cgusd-v1/what-is-cgusd-v1" },
    { id: "S2", url: "https://wiki.cygnus.finance/whitepaper/" },
    { id: "S3", url: "https://wiki.cygnus.finance/whitepaper/cygnus-omnichain-liquidity-validation-system-lvs/cygnus-lvs-integration/cgusd-v1/token-and-contract/cgusd/how-it-works" },
    { id: "S4", url: "https://wiki.cygnus.finance/whitepaper/cygnus-omnichain-liquidity-validation-system-lvs/cygnus-lvs-integration/cgusd-v1/faq/mint" },
    { id: "S5", url: "https://wiki.cygnus.finance/whitepaper/cygnus-omnichain-liquidity-validation-system-lvs/cygnus-lvs-integration/cgusd-v1/faq/withdrawals" },
    { id: "S6", url: "https://www.cygnus.finance/" },
    { id: "S7", url: "https://wiki.cygnus.finance/whitepaper/cygnus-omnichain-liquidity-validation-system-lvs/cygnus-lvs-integration/cgusd-v1/token-and-contract/wcgusd" },
  ]}
/>


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Cygnus Finance

Cygnus Finance Global USD (CGUSD) is a U.S. dollar stablecoin issued by Cygnus Finance.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with Cygnus Finance in USDC, and holders have a contractual right to redeem at par.

CGUSD has been issued on Base as an ERC-4626 token since February 2024.

Cygnus Finance Global USDCGUSD

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