Solana Stablecoin Push , CAP cUSD $70M, Gemini XRP Card

Welcome to The Daily Yield – your trusted daily source for stablecoin and industry news, powered by Stabledash and hosted by Zach Fowler (with Drew Rogers on-site at Stablecoin Conference LATAM).

Today's Headlines:

CAP's CUSD Stablecoin Surges: CAP's newly launched CUSD stablecoin reaches $70M circulation within 7 days, introducing basket-backed collateral structure with USDC, USDT, and PYUSD. Built by DeFi veterans, features yield-generating STCUSD through staking and caps points program for early participants.

Gemini Partners with Ripple: Crypto exchange launches XRP cashback credit card offering 4% on gas/rideshare and 3% on dining, plus adds RLUSD stablecoin spot trading for US customers with no conversion fees, following mainstream crypto rewards trend.

Maple Finance Hits $9B Milestone: On-chain asset manager crosses $9B in loan originations through over-collateralized lending to accredited crypto firms. Platform launched high-yield Syrup USDC pools offering 20-28% returns, demonstrating institutional DeFi demand.

Anchorage Digital Ventures Debuts: $3B+ federally chartered crypto bank launches venture arm to fund early-stage on-chain infrastructure startups, providing liquidity strategy and regulatory guidance while leveraging institutional client access.

Solana's Stablecoin Infrastructure Push: Rex Financial CEO Greg King argues on Bloomberg that Solana's technical advantages make it superior to Ethereum for high-volume stablecoin operations, citing processing speed and lower transaction costs.