Delayed · last updated 50 minutes ago
Cygnus Finance Global USD Price chart
Key stats
Performance
How the price moved over each period.
Supply
76.26M CGUSD circulate. No maximum supply is set.
- Circulating
- 76.26M
- Total supply
- 76.26M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.00% of market cap. Thin trading; small orders can move the price.
$75.63M market cap, rank #294. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
8.9% below its all-time high of $1.09.
Largest recent swing: 0.04% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Cygnus Finance Global USD (CGUSD)?
Cygnus Finance Global USD, written cgUSD, is an interest-bearing dollar stablecoin issued by the Cygnus Finance protocol on the Base network. Instead of holding bank deposits, the protocol backs cgUSD with short-term U.S. Treasury assets and passes the interest on to holders through a rebase, so wallet balances grow over time while each token targets a value of one dollar.
Cygnus is the wider brand behind the token, which also runs a liquidity validation system and a social app layer, but cgUSD is the product this page covers.
How cgUSD works
On each New York banking day the total supply of cgUSD is synchronised with the net value of the reserve portfolio. That portfolio includes off-chain Treasury holdings, on-chain stablecoins and accrued interest. Because balances change through rebasing, cgUSD itself stays on Base. Holders who want to use it on decentralised exchanges or other chains wrap it into wcgUSD, a non-rebasing version that tracks the same value.
- Minting: users deposit USDC on Base at a zero minting fee. Deposits from Ethereum, Arbitrum and Optimism are routed through the Axelar network, which charges its own cross-chain fee.
- Redemption: holders burn cgUSD and receive USDC through a queue. Each request produces an NFT that becomes claimable after the team converts Treasury holdings into USDC, which the documentation says typically takes two to five days.
- Wrapping and bridging: wcgUSD can move between supported chains for a fee paid in the source chain's native token.
CGUSD supply and token design
There is no fixed cap. Supply expands when users mint and contracts when they redeem, and the rebase adjusts it for accrued interest. The reserve is limited to U.S. Treasury bills and bonds, money market funds or ETFs holding them, and repurchase agreements secured by Treasuries, with an average maturity of no more than 90 days. Some overcollateralisation is planned as a buffer.
Live circulating supply is shown in the market data on this page. The Base contract for cgUSD is 0xCa72827a3D211CfD8F6b00Ac98824872b72CAb49, which is worth checking against the official site because look-alike tokens exist for most stablecoins.
Official information is on cygnus.finance.
What to check before using CGUSD
- Redemptions are not instant. Because backing sits in off-chain Treasuries, large exits depend on the multi-day conversion process and your place in the queue.
- Counterparty and custody risk applies to the off-chain reserve, and you should look for independent reserve attestations and published audit reports before relying on it.
- Market prices on exchanges can drift from one dollar when liquidity is thin, even if redemption at par is the design goal.
- The project's own risk page lists Treasury default risk and interest rate risk on the underlying holdings.
- Rebasing balances can confuse wallets, accounting tools and some DeFi protocols, so wrap to wcgUSD where a protocol requires a standard token.
Cygnus Finance Global USD project profile
Token contracts
- Base:
0xca7282…2cab49
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Cygnus Finance Global USD market analysis
With a market capitalisation of $75.63 million, Cygnus Finance Global USD (CGUSD) is classed as a micro-cap asset and ranks #294 of 402 cryptocurrencies with a reported market cap on CryptoWave, larger than about 26.9% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $1.00 of CGUSD changed hands, equal to 0.00% of its market cap, which puts its trading volume ahead of about 9.5% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 9% of tracked assets.
Price action: CGUSD moved −0.04% in 24 hours and −0.02% over 7 days. It outperformed Bitcoin by 2.02 percentage points over 24 hours and by 3.84 points over 7 days. Against the median tracked coin (ahead by 1.94 points on the day and ahead by 4.64 points on the week), it has been a relative strength in recent sessions.
To overtake SpaceX xStock (SPCXX) just above it, Cygnus Finance Global USD would need to grow its market cap by about 0.3%; it is 0.3% larger than ADI (ADI) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
Cygnus Finance Global USD FAQ
What is cgUSD?
cgUSD is a rebasing dollar stablecoin on Base issued by Cygnus Finance. It is backed by short-term U.S. Treasury assets and passes the interest to holders as growing balances.
How do you redeem cgUSD?
You burn cgUSD through the redemption queue and later claim USDC with the NFT you receive. The documentation says the conversion of Treasury holdings typically takes two to five days.
What is wcgUSD?
wcgUSD is the wrapped, non-rebasing form of cgUSD. It can be used on decentralised exchanges and bridged to other chains, while still reflecting the value of the underlying cgUSD.
How many cgUSD are there?
There is no fixed maximum. Supply grows when users mint and shrinks when they redeem, and the live figure is shown in the market data on this page.
Price history
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