Franklin Templeton leads seed round into stablecoin startup looking 'outsource' yield generation for users

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Authors

Daniel Kuhn

Publisher

The Block

Web URL

https://www.theblock.co/post/349855/franklin-templeton-leads-seed-round-into-stablecoin-startup-looking-outsource-yield-generation-for-users?utm_source=rss&utm_medium=rss

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Cap raised $8 million

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Minters deposit USDC or USDT to create cUSD, which can then be staked for yield or used as a dollar-pegged asset. Operators, including TradFi institutions and DeFi natives, borrow this capital to execute yield-generating strategies while restakers provide security by delegating locked ETH, earning premiums in return.

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Franklin Templeton has led an $8 million seed round into Cap, a blockchain startup looking to launch an interest-bearing stablecoin and accompanying lending market. Other investors include prominent financial institutions Susquehanna and Triton Capital as well as crypto natives including Nomura’s Laser Digital and GSR, among others.

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