Every company reaches a year that determines whether momentum compounds or stalls. For Send, that year was 2025.
We entered the year with a clear thesis: stablecoins should work for everyday spending, saving, and investing, and privacy should be the default. At the time, Send had a single product, a lean team, and $350K in raised capital.
By May, the treasury had fallen to $200K: $35K in USDC and $180K in protocol-owned liquidity. We had months, not years. That’s when we made the decision to begin running validators on Canton Network, a move that fundamentally changed our trajectory.
What We Built
Canton Network Validators - We became Canton Network validators, first one node, then a second. We're no longer just building on Canton; we're helping secure it. Validator revenue created sustainable income without selling tokens or raising dilutive capital.
Send Earn - Send Earn went live, offering up to 12% on USDC with no lockups, a 5 USDC minimum, and instant withdrawals. It is powered by Moonwell and Morpho, audited, and lends exclusively to overcollateralized borrowers.
Send Checks - Send Checks lets you gift money via link to anyone, even people who don't have Send yet.
Send Safe - Send Safe shipped as the first onchain multisig native to Canton. Non-custodial, approval-based, built directly into the app. Teams and treasuries can manage assets without single-key risk.
CUSD - CUSD launched as a privacy-first, USD-pegged stablecoin on Canton. Issued by Brale (FinCEN-registered), backed 1:1 by Treasuries and cash equivalents, distributed by Send.
The Proof
Canton Network traction:
- Canton Wallet hit #1 in transaction volume on the network
- 19,000+ users onboarded
- 1,900 verified senders receiving
- 6 million
- 27 million
- $CC
Treasury (as of January 2026):
- $3.97M in stablecoins (CUSD + USDC + POL + Fiat)
- 64.82M Canton Coin
- 212.71M
For comparison: in May 2025, we had $200K.
Capital efficiency:
- Total raised across 4 rounds: $690,000
- $500K in buybacks executed
- $800K liquidity added
- $3M OTC sale completed (20M
What we shipped:
- Token upgrade (100B → 1B supply)
- Aerodrome liquidity pools
- Send Earn
- Trading (via Kyber Network)
- Gasless savings vault deposits
- Affiliate program
- Canton Wallet (now Send on Canton Network)
- Open-source Homebrew formula for Canton developers
- Send Safe
- Send Checks
- USDCx integration (Circle xReserve)
- @CUSD
What's Next
- Send iOS and Android apps (early 2026)
- Staking for
- Pool Party (AMM DEX)
- Full migration of Send accounts to Canton Network
We own validator nodes. We distribute a stablecoin. We provide custody. We generate yield. We have protocol-owned liquidity and a treasury that doesn't require selling tokens to survive.
The risk we retired this year was being a feature on someone else's platform. The goal was never to create an ecosystem that grows because people speculate on it. It was to create one that grows because people use it.
/send it.
Docs | Send App | Send on Canton Network
Why We Chose Canton Network
Canton Network processes $6T in tokenized assets and over $250B in daily U.S. Treasury repo volume, with more than 600 institutions participating, including Goldman Sachs, JPMorgan, and Broadridge. It is the only public, permissionless blockchain built specifically for regulated finance, offering native privacy without sacrificing composability. For Send, this means stablecoin payments that settle instantly and remain private by default.
