Usual USD
USD0
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Usual USD Info
Usual USD Team
Usual USD Intro
Usual USD (USD0) is the first Liquid Deposit Token (LDT) launched by the Usual Protocol. USD0 is backed 1:1 by ultra-short-term Real-World Assets (RWA), primarily consisting of high-security assets like U.S. Treasury Bills.
USD0 serves not only as the core stability asset of the Usual Protocol but also marks the world’s first RWA-backed stablecoin, aggregating various U.S. Treasury Bill tokens to provide a secure, bankruptcy-remote solution unlinked to traditional bank deposits.
As the cornerstone stability asset within the Usual Protocol, USD0 offers constant redeemability and is designed similarly to central bank money (M0), forming a non-fractional deposit system. It aims to provide users with a safer, more transparent means of value storage and transfer compared to USDT and USDC. With real-time transparent reserve management and a non-fractional reserve mechanism, USD0 ensures users can trust in its value and stability, fostering a more secure and reliable DeFi environment.
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Q&A about Usual USD Tokenomics
Explore the tokenomics of Usual USD (USD0) and review the project details below.
What is the allocation for Usual USD (USD0) ?
USD0 does not have an initial allocation.
What is the supply schedule for Usual USD (USD0)?
Usual USD (USD0) is a stablecoin issued by the Usual Protocol, designed to maintain a 1:1 peg with the U.S. dollar. Its supply is dynamic and adjusts based on user demand through a minting and redemption process:
Minting Process:
- Direct Minting: Users can deposit eligible Real-World Assets (RWAs), such as U.S. Treasury Bills, into the Usual Protocol. In return, they receive an equivalent amount of USD0 tokens on a 1:1 basis. Usual Money Docs
- Indirect Minting: Alternatively, users can deposit USDC into the protocol to receive USD0 tokens at a 1:1 ratio. In this scenario, a third party known as the Collateral Provider supplies the necessary RWA collateral, enabling users to obtain USD0 without directly holding RWAs. Usual Money Docs
Redemption Process:
- Primary Redemption: Users can redeem their USD0 tokens by withdrawing the underlying RWAs from the Usual Protocol, effectively converting their digital holdings back into physical assets. Usual Money Docs
- Secondary Redemption: Users may also sell their USD0 tokens for other stablecoins like USDC or USDT on secondary markets, providing flexibility in liquidity options.
Now the Circulating Supply of USD0 means the difference between USD0 mint and burn, you can find the latest amount on https://etherscan.io/token/0x73a15fed60bf67631dc6cd7bc5b6e8da8190acf5
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Usual USD (USD0) is the first Liquid Deposit Token (LDT) launched by the Usual Protocol. USD0 is backed 1:1 by ultra-short-term Real-World Assets (RWA), primarily consisting of high-security assets like U.S. Treasury Bills.
USD0 serves not only as the core stability asset of the Usual Protocol but also marks the world’s first RWA-backed stablecoin, aggregating various U.S. Treasury Bill tokens to provide a secure, bankruptcy-remote solution unlinked to traditional bank deposits.
As the cornerstone stability asset within the Usual Protocol, USD0 offers constant redeemability and is designed similarly to central bank money (M0), forming a non-fractional deposit system. It aims to provide users with a safer, more transparent means of value storage and transfer compared to USDT and USDC. With real-time transparent reserve management and a non-fractional reserve mechanism, USD0 ensures users can trust in its value and stability, fostering a more secure and reliable DeFi environment.