# cgUSD ## **Introducing cgUSD** \ The cgUSD token, an ERC20 rebasing token, is backed by US Treasury bills. Every New York banking day, the total issuance of cgUSD aligns with the net value of its asset portfolio, encompassing on-chain stablecoins, the market value of U.S. Treasury Bills, and accrued interest. This mechanism ensures that Cygnus Finance consistently maintains a 1:1 redemption ratio between cgUSD and USDC. In the secondary market, similar to other fiat-backed stablecoins, we anticipate a 1:\~1 correlation in price, driven by arbitrage opportunities. Token Name: Cygnus USD Token Symbol: cgUSD Contract Address: 0xCa72827a3D211CfD8F6b00Ac98824872b72CAb49 \ \ Below are the basic properties of our cgUSD token: 1. It is a rebasing token whose price is always $1. Users’ holding amount will grow continuously as the interest from the treasury accrues. 2. Its rebasing happens once a day for every workday. 3. It is issued on Base. 4. It is permissionless. 5. Users can mint cgUSD with USDC . The minting price will always be $1, if fees are excluded. 6. Users can redeem cgUSD for USDC. The redemption price will always be $1, if fees are excluded. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://wiki.cygnus.finance/whitepaper/cygnus-omnichain-liquidity-validation-system-lvs/cygnus-lvs-integration/cgusd-v1/token-and-contract/cgusd.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.