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" },
  ]}
/>


# Asset Price methodology

## 1. Overview

Asset price represents the closing USD value of a tokenized asset at the end of each day. Daily prices are recorded to facilitate the valuation of on-chain activity and the calculation of market capitalization. Each price point reflects the market value at the conclusion of the UTC day.

## 2. Data sources

- **Asset metadata**: Token contract addresses, ticker identifiers, and on-chain launch timestamps
- **External data**: End-of-day price feeds and exchange rate feeds from market data providers
- **Blockchain data**: Data covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others) and non-EVM chains such as Solana, Aptos, and Near

## 3. Step-by-step calculation

### Component A: Market data retrieval

- **Purpose**: Collect raw daily price information
- **Logic**: Daily price data is retrieved from external market data providers. For assets pegged to specific currencies, prices are calculated using a multiplier and daily exchange rates. For assets traded on traditional exchanges where data is unavailable on certain days, such as weekends or holidays, missing values are filled with the last available closing price.

### Component B: Timestamp normalization

- **Purpose**: Align price data with daily reporting periods
- **Logic**: Timestamps are truncated to the daily grain. To accurately reflect the closing value, prices recorded at the start of a day (00:00:00 UTC) are assigned to the preceding calendar day.

### Component C: Asset mapping and deduplication

- **Purpose**: Associate prices with unique assets and resolve data overlaps
- **Logic**: Prices are mapped to assets using unique identifiers for EVM-compatible and non-EVM chains. To ensure data integrity, price records are filtered to include only those occurring on or after the asset's on-chain launch date. In instances where price data for a single asset is available from multiple sources, the data is deduplicated by selecting the record with the highest priority to ensure a single, consistent closing price.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Asset price

Stablecoins

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Infrastructure

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