Earnings stablecoin agreement Cap completes $11 million in financing, with Franklin Templeton and others participating in the investment

PANews reported on April 7 that, according to CoinDesk, the income stablecoin protocol Cap announced on Monday that it had raised $11 million in funds from well-known financial institutions such as Franklin Templeton and Triton Capital. The total funding, announced at the end of a recent $8 million seed round, will be used to develop Cap's stablecoin engine, which is scheduled to go live later this year. Previously, Cap had raised $3 million in its last round of financing. According to the statement, Cap will provide users with a way to earn additional income through re-staking agreements such as EigenLayer. According to reports, Cap's system is designed to enable users to obtain passive interest or income based on these tokens.