Cygnus Finance is a RWA interest-bearing stablecoin protocol powered by ARKS Labs. Cygnus Finance collateralizes short-term US Treasury bonds to mint an interest-bearing stablecoin called cgUSD and allows users to mint cgUSD using assets from multiple chains. Through the rebase mechanism, cgUSD passes on the pure interest income from the US Treasury bonds to users. As interest is distributed, the balance of cgUSD increases correspondingly. The total supply of cgUSD is kept in sync with the net value of its asset portfolio, including on-chain stablecoins, off-chain US Treasury bonds, and interest, on every New York banking day. This ensures that Cygnus Finance consistently supports the redemption of cgUSD for USDC at a 1:1 ratio.