Re Protocol reUSD

Re Protocol reUSD is a stablecoin issued by Re Protocol, a blockchain platform that converts exposure to traditional reinsurance contracts into tokenized, on-chain instruments. It is designed for users who want a principal-protected, fixed-yield deposit denominated in US dollars, targeting a yield of the RF rate plus 250 basis points. The protocol aims to give a broader range of participants access to returns that have historically been available only to institutional reinsurance markets.

reUSD is a deposit token that represents a principal-protected position within Re Protocol's decentralized underwriting pools, which generate returns by bearing exposure to tokenized insurance contracts. The token exists across multiple networks — Ethereum, Avalanche, Arbitrum, Base, Solana, BNB Chain, and Ink — and integrates with DeFi platforms such as Curve, Pendle, and Ethena. No consensus algorithm or block time is associated with reUSD itself, as it is a token layer built on top of those host networks rather than a standalone blockchain.

The protocol's yield comes from premiums generated by its reinsurance underwriting pools, which are passed through to reUSD holders as a fixed-rate return. The circulating stablecoin supply stood at 218,453,567.94 reUSD at the point-in-time measurement, and that supply grew 29.57 percent over the prior 30 days. The data provided does not include a discrete protocol fee stream, so fee-based metrics commonly used for other assets are not directly applicable here. What the protocol retains versus what it distributes to depositors is not specified in the available data.