Re Protocol reUSD

reUSD is a stablecoin issued by Re Protocol, a blockchain-based platform that tokenizes exposure to reinsurance contracts — the layer of insurance that insurance companies themselves purchase to spread catastrophic risk. It is designed for users who want exposure to insurance-market returns while keeping their principal protected, targeting both retail participants in DeFi and those seeking yields derived from real-world insurance markets rather than from crypto-native mechanisms. The token aims to solve the problem of access: reinsurance has historically been available only to large institutional players, and reUSD is meant to open a version of that market to a broader audience.

reUSD is one of two deposit tokens within Re Protocol, positioned as the principal-protected, fixed-yield option set at a reference rate plus 250 basis points, as opposed to the variable-yield reUSDe token. The protocol pools deposited capital into decentralized underwriting pools that take on exposure to insurance contracts, generating returns from real-world reinsurance premiums rather than from lending or liquidity provision within crypto markets. reUSD exists across multiple chains — Ethereum, Avalanche, Arbitrum, Base, BNB Chain, Solana, and others — and has integrations with DeFi platforms including Curve, Pendle, and Ethena, meaning it can be used in broader liquidity and yield strategies on those networks.

The protocol's revenue comes from reinsurance premiums paid by insurance companies that cede risk to Re Protocol's underwriting pools; holders of reUSD receive a share of those premiums expressed as a fixed yield above the reference rate. The data provided does not include a discrete protocol fee figure, so no fee-based measures specific to this site can be calculated from what is stored. What is observable is that the circulating stablecoin supply stood at 306,899,526.61 tokens on a point-in-time basis and grew by approximately 23.975 percent over the prior 30 days, reflecting how much capital has recently moved into the system. The fdv-to-market-cap ratio of 1.00008 indicates that virtually all supply that will ever exist is already in circulation, since no maximum supply is defined and supply issued is recorded at 100 percent.