Odaily Planet Daily reported that the income-generating stablecoin Cap, which has raised $11 million in financing, has officially launched. Users can now deposit USDC on the Ethereum mainnet to exchange for cUSD, accumulating points (caps) while earning income.

According to previous news, Cap announced in April this year that it had completed US$11 million in financing, with Franklin Templeton and Triton Capital participating in the investment.