The more places to leverage, the merrier. We are excited to expand our lending market offerings of Cap assets onto Euler. These new markets will be for cUSD, stcUSD, PT-cUSD and PT-stcUSD as well as include USDC and USDT in those vaults. This integration expands access and liquidity for Cap assets, including new ones that will be available for the first time.

Users who lend USDC and USDT to Euler markets will be eligible to earn x1 caps as part of our Cap Frontier Program.

These markets can be accessed here:

Cap is a stablecoin protocol powered by credible financial guarantees. It offers two core products:

• cUSD – a dollar-denominated stablecoin backed 1:1 by a basket of payment stablecoins including USDC. Holders can redeem cUSD for any reserve asset in the basket.

• stcUSD – a yield-bearing stablecoin minted by staking cUSD. It generates returns from operator activity underwritten by restaker delegations.

Additionally, PT-stcUSD and PT-cUSD (Pendle Principal Tokens) are both fixed yield tokens that represents a claim on either stcUSD or cUSD at maturity.

Euler is a flexible platform for decentralized lending and borrowing, designed to adapt and grow with the evolving dynamics of the onchain world. Today, Euler has over $3 billion in total deposits.

Cap will continue to expand the ability for users to get the most out of their cUSD, stcUSD, and corresponding PT tokens of each.