Cygnus Finance Global USD
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What is Cygnus Finance Global USD?
Treasury-backed issuance
Cygnus issues cgUSD as an ERC-20 on Base. Users can mint it with USDC through the protocol. The reserve portfolio combines short-term US Treasury bills, on-chain stablecoins and accrued interest. On each New York banking day, issuance is aligned with the portfolio's net value. The rebase mechanism increases holders' balances as interest is distributed. The protocol targets one-dollar units and one-for-one USDC redemption before applicable fees. Supply follows backing and issuance activity rather than a fixed mining schedule.
Wrappers and withdrawals
The non-rebasing wrapper is called wcgUSD. A holder's wcgUSD balance stays constant while the amount of cgUSD represented by it increases. This lets applications use a stable token balance for integrations. Wrapping also supports cross-chain use through Cygnus's bridge infrastructure. Redemptions use a request-and-claim process. Treasury assets may need to be sold and converted into USDC to fund the withdrawal queue. The published normal processing window is five to seven days. A withdrawal request is represented by an NFT that tracks its status. Requested balances stop receiving additional rewards while awaiting settlement.
Where to trade CGUSD
1 exchanges · top 10
Live spot quotes from connected exchanges
CGUSD funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.