Profile
cgUSD profile facts
Cygnus Finance Global USD (cgUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
- Collateral
- Off-chain U.S. Treasury exposure and on-chain stablecoins, with actual holdings and weights undisclosed in the reviewed issuer pages; supply rebases on New York banking days to portfolio NAV including interest. Native Base minting deposits USDC.
- Peg mechanism
- Daily rebase on New York banking days aligns supply with portfolio NAV; USDC redemption uses Cygnus's Request + Claim withdrawal flow, normally taking 5-7 days. The withdrawal FAQ quotes a 35-basis-point fee and warns that Treasury price fluctuations can reduce the claimable amount.
- Jurisdiction
- British Virgin Islands
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Base.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
cgUSD quick answers
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What is Cygnus Finance Global USD (cgUSD)?
cgUSD is Cygnus Finance's rebasing USD stablecoin on Base, backed by short-term U.S. Treasuries and stablecoins, with daily rebases reflecting NAV. The static profile records its US Dollar peg mechanism as: Daily rebase on New York banking days aligns supply with portfolio NAV; USDC redemption uses Cygnus's Request + Claim withdrawal flow, normally taking 5-7 days.
Is cgUSD safe?
As of Oct 25, 2026, Pharos grades cgUSD D (47/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs cgUSD?
Pharos records cgUSD's reserves in its review of Jul 28, 2026 as 100% Short-term U.S. Treasury bills and on-chain stablecoin portfolio. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Real-World Asset Backed.
Can cgUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem cgUSD?
Under the route Pharos reviewed on Mar 23, 2026, any holder can redeem cgUSD for USDC. Settlement takes multiple days. The reviewed redemption fee is 0.35%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
