Cap Protocol, a stablecoin platform, has seen its Total Value Locked (TVL) grow to over $200 million. This growth highlights the increasing demand for innovative stablecoin solutions that offer yield opportunities.

The majority of the TVL, $183 million, is composed of USDC collateral backing Cap's native stablecoin, cUSD. The remaining $30 million is from Symbiotic delegations, with contributions from notable firms such as Hyperithm, MEV Capital, Renzo Protocol, ConcreteXYZ, and Re7Labs. This diverse backing underscores the growing trust in Cap's infrastructure.

The influx of capital and partnerships points to a broader trend in the DeFi space, where investors are seeking out protocols with sustainable and transparent yield models. Cap Protocol's ability to attract significant collateral and delegations signals confidence in its long-term potential within the competitive stablecoin market.