There is no substitution for outputting usergroup directly. What do you have the asset set to? I've already provided you an example for how to do this based off another fields value below. I've also explained how asset functions when there are multiple
www.joomlapolis.com/forum/153-professional-member-support/241980-use-case-related-to-activity-and-privacy-settings?limitstart=0#316137
You can do this with usergroup IF substitutions as well. Example as follows.
Code:
[cb:if usergroup includes "2"]profile.[user_id].usergroup2,[/cb:if]profile.[user_id].usergroup1
The above would output the following asset if the user has the usergroup with an id of 2.
profile.60.usergroup2,profile.60.usergroup1
These conditions are based off the profile owner. They are not based off the viewing user. If you need them based off the viewing user then you need to set user="#me" in the if conditions like the following.
Code:
[cb:if user="#me" usergroup includes "2"]profile.[user_id].usergroup2,[/cb:if]profile.[user_id].usergroup1