Resupply USD

Resupply USD (REUSD) is a decentralized stablecoin designed to hold a value close to one US dollar, targeting users who want to borrow against stablecoin collateral while earning a return. It addresses the problem of high borrowing costs by designing the borrow rate to always be set at half the lending rate earned by its collateral, half the prevailing risk-free rate, or two percent, whichever is greater. The intended users are participants in decentralized lending markets, particularly those active on Curve Lend and Fraxlend.

REUSD is created through Collateralized Debt Positions in which borrowers deposit other interest-bearing stablecoins as collateral; those collateral assets continue to earn yield on external lending markets while backing the newly minted REUSD. The protocol runs on Ethereum and carries no separate consensus algorithm of its own, relying instead on the Ethereum network for settlement. Emissions from the protocol are directed toward three groups — an insurance pool, voting incentives, and borrowers directly — with each borrower's share of emissions proportional to the revenue that borrower generates for the protocol.

The protocol's revenue model links borrower activity to emissions: the more interest a borrower generates for Resupply, the larger their share of directed emissions, creating an internally self-reinforcing fee structure. The data provided does not include an explicit protocol fee rate or a breakdown of fee recipients beyond what the project description states, so fee-based measures for this asset on this site cannot be calculated from the available figures. What is recorded is that stablecoin circulating supply stands at 44,063,569.61 as a point-in-time figure and grew 36.36 percent over the last 30 days, which reflects how actively new REUSD is being minted rather than fee flows directly.