Staked Cap USD (stcUSD) stablecoin analytics
Answer First
What is Staked Cap USD (stcUSD)?
stcUSD is Cap's ERC-4626 staked wrapper of cUSD; share price accrues reserve and operator-lending yield, with cUSD-tier proportional-basket exit risk. The static profile records its CUSD-denominated NAV accounting mechanism as: Users stake cUSD for stcUSD; the stcUSD exchange rate appreciates versus cUSD as yield accrues, and final USD exit inherits cUSD proportional basket redemption and Cap's slashing protections
Is stcUSD safe?
stcUSD holds a B- Safety Score grade (69/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Staked Cap USD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Staked Cap USD (stcUSD) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg CUSD-denominated NAV.
Variant Relationship
Staked Cap USD (stcUSD) is modeled as a strategy vault variant of Cap cUSD (CUSD). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Sep 7, 2026
stcUSD is the yield-bearing version of Cap cUSD: users stake cUSD into an ERC-4626 vault while Cap operators borrow reserve assets against restaker collateral and repay with yield above the hurdle rate. Cap's design attempts to keep stablecoin holders whole through overcollateralization and slashing, but stcUSD still adds operator, restaker, strategy, and vault risk on top of the underlying cUSD basket and its redemption mechanics. The wrapper has no separate privileged mint path and its upgrade authority sits...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- ERC-4626 staked cUSD shares backed by Cap's reserve basket and operator-lending framework; yield comes from reserve yield and overcollateralized operator borrowing
- Peg Mechanism
- Users stake cUSD for stcUSD; the stcUSD exchange rate appreciates versus cUSD as yield accrues, and final USD exit inherits cUSD proportional basket redemption and Cap's slashing protections
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Next Actions
Exact bot target: /subscribe dews,depeg,safety stcusd-cap
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
stcUSD quick answers
What is Staked Cap USD (stcUSD)?
stcUSD is Cap's ERC-4626 staked wrapper of cUSD; share price accrues reserve and operator-lending yield, with cUSD-tier proportional-basket exit risk. The static profile records its CUSD-denominated NAV accounting mechanism as: Users stake cUSD for stcUSD; the stcUSD exchange rate appreciates versus cUSD as yield accrues, and final USD exit inherits cUSD proportional basket redemption and Cap's slashing protections
Is stcUSD safe?
stcUSD holds a B- Safety Score grade (69/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Staked Cap USD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs stcUSD?
Pharos classifies stcUSD backing as Real-World Asset Backed. Collateral, per the static profile: ERC-4626 staked cUSD shares backed by Cap's reserve basket and operator-lending framework; yield comes from reserve yield and overcollateralized operator borrowing Reserve evidence: live reserve feed configured.
Can stcUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for stcUSD, when applicable, appear in the dossier below.
