Cap, a stablecoin platform with enforceable guarantees powered by a covered credit engine, has launched on MegaETH, marking the convergence of high-performance execution and institutional-grade money.

As a LayerZero OFT asset, cUSD and stcUSD will be able to bridge to MegaETH whose real-time execution environment unlocks a new class of consumer and institutional use cases for stablecoins, ones that require the utmost reliability and performance. Users will be able to trade cUSD and stcUSD on venues such as Kumbaya and pending passage be supported on Aave’s MegaETH deployment.

What Is MegaETH?

MegaETH is a high-performance Ethereum Layer-2 built for real-time execution. With sub-millisecond latency, ~10ms block times, and throughput exceeding 100,000 transactions per second, MegaETH closes the gap between onchain systems and modern Web2 infrastructure.

Under the hood, MegaETH introduces a specialized architecture:

• High-performance sequencers optimized for execution

• Stateless validators focused on verification

• Replica nodes for horizontal scale

Combined with aggressive parallelization and memory-resident state, this design pushes hardware to its limits while preserving Ethereum’s security model and composability. The result is an execution layer where onchain applications feel instant.

This is the environment Cap is launching into: one where capital can finally move at the speed required by real-world activity.

Why Cap Matters on MegaETH

High-performance chains demand high-performance capital. MegaETH unlocks a new class of onchain applications while Cap provides the capital layer that allows them to scale, massively adding to MegaETH’s onchain GDP.

Cap is the first Type III stablecoin: a system governed not by committees or discretionary teams, but by self-enforcing smart contracts and economic guarantees. It’s three-sided marketplace coordinates:

• Users who mint cUSD 1:1 with supported CSN stablecoins and MMFs

• Operators who borrow capital to deploy into yield strategies

• Delegators who restake assets to underwrite operator performance

Guarantees are enforced onchain. Yield is exogenous, market-priced, and scalable. On MegaETH, this design becomes even more powerful. Real-time execution allows cUSD to support high-frequency DeFi strategies and consumer applications where latency is non-negotiable.

Ultimately, Cap brings trust, liquidity, and programmable money to Ethereum’s highest performing Layer 2.

Cap’s Traction So Far

Since launching in August 2025, Cap has grown into one of the largest stablecoin platforms in DeFi:

• $400M+ in total value locked (TVL)

• $350M+ cUSD in circulating supply

• Strong adoption from institutions and onchain-native teams seeking scalable, covered yield

This traction matters. It means MegaETH launches with a stablecoin that already has proven demand, deep liquidity, and real economic usage rather than speculative supply.

How to Mint and Bridge

Once public, users can mint cUSD or stcUSD on Ethereum mainnet and bridge directly to MegaETH via the Cap interface or through Stargate.

Once on MegaETH, cUSD and stcUSD will be immediately usable across the ecosystem, enabling lending, trading, payments, and new real-time applications from day one.

Closing

MegaETH represents a step-change in Ethereum execution. Cap represents a step-change in stablecoin design.

Together, they form a foundation for real-time, institutional-grade onchain finance where speed, safety, and scale are the default.

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