# cpUSD

### What Is cpUSD?

cpUSD is a **permissionless, yield-bearing asset** backed by institutional-grade Payment Financing (PayFi) vaults. It enables retail access to yield from short-term, stablecoin credit provided to PayFi firms powering the global payments economy. 

### cpUSD Vault

cpUSD is issued through the **cpUSD Vault**, which is built on [Nucleus' BoringVault framework](https://docs.nucleusearn.io/nucleus-architecture/vault-framework?utm_source=chatgpt.com).

Users can deposit USDC/T into the cpUSD Vault, which distributes the capital across two core strategies:

1. PayFi Vaults
2. Liquid Yield-Bearing Stablecoins

Upon deposit, cpUSD is minted and distributed to the user to represent their share of the vault.

<figure><img src="/files/OKukb36FuEhyYu2TNv3G" alt=""><figcaption></figcaption></figure>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.clearpool.finance/clearpool/products/payment-financing-payfi/cpusd.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.