C

Cap

CAP/USD #209 Crypto
$0.0849−13.42%24h
24h Range
$0.0846$0.1029

CAP to USDT Converter

1 CAP = 0.0850343 USDT · updated 12:10 UTC

Volume Bubbles Chart (1h)

Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.

Seasonal Chart

Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.

Cap Markets

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Cap Historical Data

About Cap (CAP)

**Cap (CAP)** is the token of Cap, a protocol for dollar-denominated products on Ethereum. The CAP tokenomics page describes CAP as the governance and utility token of Cap, with a fixed supply of 10 billion tokens, and says revenue will be used for discretionary buybacks. The Cap documentation describes cUSD as the protocol’s dollar-denominated token and stcUSD as the token received when cUSD is staked.

cUSD and reserve backing

The Vault module stores reserve assets and handles cUSD issuance and redemption. According to the Vault documentation, cUSD can be minted or burned at oracle value for any of the supported assets, and mint and burn are disabled when oracle prices are stale. Mint and burn fees are calculated according to the allocation ratio of each asset. Redemption returns a proportional share of the asset basket minus a fixed fee, so it is not a fixed 1:1 claim on a single asset.

Reserve assets and oracles

The Vault page says the protocol accepts regulated dollar-denominated crypto assets as reserves. The oracle documentation names USDC, USDT and pyUSD among the reserve assets priced by RedStone, which it lists as the primary oracle for reserve-asset prices. Chainlink is listed for delegation-asset pricing on the shared-security side.

stcUSD and yield

The lending-mechanics page explains that idle stablecoin in the reserve accrues rewards, either from the underlying asset or through integrated protocols. Borrowers need overcollateralized delegations from Underwriters before they can borrow. The hurdle rate is a dynamic rate made of a minimum rate and a utilization rate, and the page says the hurdle rate goes to stcUSD holders. The page also states that stablecoin holders are protected against yield-generation risk, and describes a liquidation trigger based on one objective condition.

Protocol modules

The Cap documentation outlines six main modules: Vault, Lender, Fee Auction, Delegation, Oracles and Access Controls. Vault manages reserve assets and cUSD issuance. Lender handles borrowing, repayment, interest and liquidation. Fee Auction converts protocol yield and fees into cUSD through a Dutch auction. Delegation connects the protocol to shared-security networks, while oracle modules provide reserve-asset and rate data. Access controls govern permissions across protocol operations.

Lender liquidation settings

The Lender documentation gives a default liquidation threshold of 80% and a 12-hour grace period for borrowers to recover their position before liquidation can occur. These are the documented defaults.

CAP is not cUSD

The CAP ticker refers to the market token identified for this page. cUSD and stcUSD are separate products in the Cap protocol: cUSD is minted against reserve assets, and stcUSD is the token received for staking cUSD. Confusing these symbols can lead to an incorrect interpretation of price movements, redemption rights or yield features.

FMchart shows a composite CAP price in USD from supported venues. The Markets and historical-return sections reflect available trading data, not the reserve composition of cUSD or the yield earned by stcUSD. Stablecoin backing and redemption design do not remove smart-contract, liquidity, counterparty or depeg risk.

Sources: Introduction | Cap Docs, Overview | Cap Docs, Vault | Cap Docs, Oracles | Cap Docs, Lender | Cap Docs, Tokenomics | Cap Docs, Lending Mechanics | Cap Docs

Last reviewed: Oct 28, 2026

Cap (CAP) FAQ

What does CAP do in the Cap protocol?

The Cap documentation describes cUSD as the protocol’s dollar-denominated token and stcUSD as the token received for staking cUSD. CAP is the separate governance and utility token of Cap, with a fixed supply of 10 billion tokens according to the tokenomics page. Holding CAP does not grant the same redemption or yield properties as cUSD or stcUSD; each asset has a different role.

How is cUSD backed?

The Vault documentation says cUSD can be minted or burned at oracle value against supported reserve assets, which are regulated dollar-denominated crypto assets. The oracle documentation names USDC, USDT and pyUSD among priced reserve assets. Redemption returns a proportional share of the asset basket minus a fixed fee, not a fixed 1:1 claim on one asset.

What is CAP’s all-time high?

FMchart’s composite market history lists CAP’s all-time high as $0.1208 on Oct 12, 2026. This refers to the CAP market token, not the dollar target of cUSD or the yield-bearing stcUSD product. Those assets have different designs and risk profiles, so their price or redemption behavior should not be inferred from CAP’s market chart.

How has CAP performed over time?

In FMchart's composite price history (since September 2026), CAP’s strongest month was September 2026 (+48.6%), while September 2026 (+48.6%) was its weakest. The figures describe the CAP token’s market price across supported venues converted to USD. They do not show cUSD’s peg stability, stcUSD yields or the value of Cap’s reserve assets.