Published a research article on @capmoney_ $cUSD $stcUSD, one of the most innovative stablecoins launched recently.
$cUSD is a stablecoin with a CDO, credit default obligation protection in its design (with a positive connotation) that insulates lenders from default risks of borrowers.
serenityresearch.substack.com/p/serenity-pre…
We thank @0xyanshu from @0xcatalysis for educating us on the technical details of the Cap structure and co-authoring this article.
$cUSD is a stablecoin with a CDO, credit default obligation protection in its design (with a positive connotation) that insulates lenders from default risks of borrowers.
serenityresearch.substack.com/p/serenity-pre…
We thank @0xyanshu from @0xcatalysis for educating us on the technical details of the Cap structure and co-authoring this article.
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