Cap launches cross-chain deposits and mints with LayerZero’s OVault standard

Cap, the stablecoin protocol behind cUSD and stcUSD, has integrated LayerZero’s OVault standard to enable cross-chain deposits and minting across four blockchain networks. Users can now interact with a single central hub vault from Ethereum, Tempo, MegaETH, and Katana, sidestepping the fragmented liquidity problem that has plagued multi-chain DeFi for years. How the plumbing works Traditional multi-chain deployments require protocols to spin up individual vaults on every supported network, each needing its own liquidity, security monitoring, and maintenance. OVault collapses that into a single vault that communicates across chains through LayerZero’s messaging infrastructure. For Cap specifically, this means users minting cUSD or stcUSD no longer need to bridge assets manually before depositing. The process happens in one step, with the cross-chain routing handled under the hood. cUSD is minted on a 1:1 basis against blue-chip dollar assets, while stcUSD serves as its yield-bearing staked counterpart. Cap’s operational model has three layers: users who mint stablecoins at par value, operators who borrow those assets to deploy yield-generation strategies, and delegators who restake ...