CUSD FAQs

What is CUSD?

CUSD is a privacy-first, USD-backed stablecoin created by Send, issued by Brale, and backed 1:1 with Frax's frxUSD. "Privacy-first" means the system is designed so that privacy is the default, while still supporting compliance when needed.

What are CUSD's core privacy features?

• Confidential transfers (transaction amounts and counterparties are private)
• Selective disclosure (you can share information with auditors or regulators when required)
• Privacy-preserving API access (integrations maintain confidentiality)

Who is responsible for CUSD (Send, Brale, Frax), and what does each partner do?

• Send: Product owner and distributor; integrates CUSD across its apps.
• Brale: Regulated issuer; handles compliance, monitoring, and mint/redeem.
• Frax: Provides frxUSD reserves that back CUSD 1:1.

What backs CUSD, and how is the peg maintained?

CUSD is backed entirely by frxUSD, which is fully backed by USD-denominated, tokenized money-market funds. The peg is supported through 1:1 collateral, liquidity, and programmatic mint/redeem.

Is CUSD fully collateralized? How do I know reserves are real?

Yes. CUSD is fully collateralized by frxUSD. frxUSD is backed 1:1 by tokenized U.S. money-market funds from institutional providers.

What makes CUSD privacy-first, and how do confidential transfers work?

CUSD supports confidential transfers (amounts and counterparties are private) and selective disclosure for compliance when needed.

How do I get, hold, or use CUSD as a retail user?

You can hold, send, and use CUSD inside the Canton Wallet (Send app). More access points will be added as integrations expand.

What can I do with CUSD inside the Send ecosystem?

• Send App: Hold and transfer privately
• Send Safe: Enterprise multi-sig storage
• Pool Party: Confidential AMM swaps
• More integrations will be added as products roll out.

Does CUSD generate rewards or value accrual?

Yes. All reserve economics attributable to CUSD (after Brale's 10% management fee) accrue to the CUSD Treasury and are used to buy back $CC, the native asset of the Canton Network ecosystem.

Does Frax provide additional incentives?

Yes. Frax provides TVL milestone rewards to support CUSD growth.

When do $CC buy backs happen?

$CC buy backs occur 4 times per month on the 7th, 14th, 21st, and 28th.

How frequently are reserves reported or attested?

Reserves are reported monthly. A revenue report is generated by Brale and uploaded to the Reserves Report page.

Can CUSD be integrated into other apps, wallets, or financial systems?

Yes. Integrations can be done through Brale’s issuance APIs and Send’s programmatic APIs.

How do I get support or integration assistance for CUSD?

• Retail users:
• Institutions:

Additional questions pending clarification

1. How exactly do selective-disclosure proofs technically work?
2. How does the mint/redeem workflow function for retail vs. institutional users?
3. Will CUSD be available outside the Send app (bridges, exchanges, custodians)?
4. Are there any limits, caps, or requirements for minting or redeeming CUSD?
5. Will there be transfer or withdrawal fees for CUSD?
6. How do users earn $CC rewards through CUSD usage?
7. Does Send earn any direct revenue from CUSD aside from ecosystem-level benefits?
8. Are there any jurisdictional restrictions for holding or using CUSD?