Share this article
Cap Raises $11M for Stablecoin Engine as Industry Heats Up
A recent $8 million funding round will be used to develop Cap’s stablecoin engine, which is slated to launch later this year.
Updated Apr 7, 2025, 9:33 p.m. Published Apr 7, 2025, 1:30 p.m.
What to know:
- Cap has raised $11 million from investors including Franklin Templeton and Triton Capital to develop its stablecoin engine.
- The funding will support Cap's system, which allows users to earn passive interest on stablecoins.
- Cap's approach includes leveraging traditional financial expertise to generate yield beyond crypto-native sources.
Cap, a yield-bearing stablecoin protocol, shared Monday that it has raised $11 million in funding from big-name financial institutions including Franklin Templeton and Triton Capital.
STORY CONTINUES BELOW
The total funding — announced at the close of a recent $8 million seed round — will be used to develop Cap’s stablecoin engine, which is slated to launch later this year. Cap raised $3 million in a previous funding round.
Stablecoins are a type of cryptocurrency whose value is directly tied to another asset, like the U.S. dollar. Cap's system is built so users may generate passive interest — or yield — on the tokens.
Cap "leverages a collective of operators with specialized skills in yield generation to democratize yield previously untapped by the masses," Cap Labs explained in a press release.
"This yield does not solely rely on crypto-native sources like funding rate arbitrage and token farming, but also on the expertise of traditional institutions like HFT firms, private credit funds, and other companies able to capture large-scale yield."
According to the statement, Cap will give users the opportunity to earn extra yield through restaking protocols like EigenLayer. Restaking protocols allow people to stake — or lock up — collateral to secure blockchain protocols in exchange for rewards.
Cap’s funding news comes at a time when stablecoins are becoming extremely popular, with banking giant Fidelity, President Trump’s World-Liberty Financial, and the state of Wyoming sharing their intentions to create their own stablecoins, and the U.S. Congress focusing its efforts on passing stablecoin legislation.
Read more: Stablecoin Market Cap Tops $200B as U.S. Sees Industry Helping Maintain Dollar Dominance
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Ethereum’s ‘Glamsterdam’ upgrade aims to fix MEV fairness
The full scope of Glamsterdam has not yet been finalized, but developers are targeting it to go live in 2026.
What to know:
- Ethereum developers, fresh off last month’s successful Fusaka upgrade, which cut down costs for nodes, are already moving full-steam ahead on planning the blockchain’s next major change.
- Glamsterdam is a two simultaneous upgrades taking place on Ethereum’s two core layers.
- At the heart of the upgrade is ePBS and Block-level Access Lists.
- Developers haven't decided on the full scope of the upgrade but are targeting it for 2026.
Top Stories
