Comparison to Stablecoins
Throughout history, money has traditionally maintained 3 key attributes:
A store of value
A stable unit of account
A medium of exchange
While fiat-pegged stablecoins backed by fiat provide a stable unit of account and an effective medium of exchange, they are a poor store of value. Cygnus Finance aims to create a better currency through cgUSD that fulfills the three conditions of an ideal currency. cgUSD will thrive within the growing crypto economy as an instantaneous medium of exchange. As a USD-pegged stablecoin, cgUSD stands as a stable unit of account. However, unlike the US dollar or stablecoins pegged 1:1 to a currency, cgUSD will serve as a genuine store of value, backed by the U.S. Treasury Bills, and distributing returns to holders to offset devaluation of its pegged currency.
cgUSD integrates the operability of a stablecoin with the enduring value preservation and returns of U.S. Treasury Bills, offering an all-in-one solution to uphold purchasing power amid turbulent market conditions.
Cygnus USD | Real Yield | Backed by U.S. Treasury Bills
Cygnus USD = Better Money
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