3Jane USD3

USD3 is a yield-bearing digital token issued by the 3Jane credit protocol, designed to give depositors a senior-tranche position in a pool of capital that is lent to fintech lenders through structured financing arrangements such as warehouse facilities and forward-flow loan purchases. It addresses the problem of connecting pooled stablecoin capital with real-world consumer lending operations, targeting depositors who want exposure to credit-backed yield while sitting at the senior, lower-loss position in the capital structure. Fintech lenders on the other side use the protocol to access programmable, asset-backed financing without having to raise capital from traditional sources.

USD3 is an ERC-4626 token on the Ethereum network, minted when a user deposits USDC into the 3Jane protocol; the ERC-4626 standard is a tokenized vault specification that automatically tracks each holder's proportional share of the underlying pool. The pool funds approved lending facilities, and the yield generated flows back into the vault, making each USD3 token worth incrementally more USDC over time — which is why its price, recorded here at 1.19 USD, sits above the original one-dollar deposit value. Holders who want additional yield exposure can stake USD3 into sUSD3, which represents the junior tranche and absorbs losses ahead of USD3 holders.

The protocol's yield comes from interest paid by fintech lenders who borrow from the pool; those lenders pay for access to capital, and that income is distributed across the two tranches, with USD3 receiving the senior share and sUSD3 receiving the junior share. The data provided does not include a specific fee rate or protocol revenue figure, so no fee-based performance measures can be calculated from what is stored here. The circulating supply stands at approximately 85,669,991 USD3 and the market capitalisation is 102,288,576 USD, reflecting the fact that tokens accrued yield above their one-dollar mint price. The fdv-to-mcap ratio of approximately 1.0, recorded on a point-in-time basis, indicates that virtually all supply is already in circulation, meaning the fully diluted valuation and market capitalisation are nearly identical.