Resupply USD

Resupply USD (REUSD) is a decentralized stablecoin designed to track the value of one US dollar, built for participants in decentralized lending markets who want to borrow against stablecoin collateral. It addresses the challenge of capital inefficiency by using stablecoins that are already earning interest on other lending platforms — specifically Curve Lend and Fraxlend — as the backing for newly issued REUSD. The goal is to let borrowers access liquidity without giving up the yield their collateral is already generating elsewhere.

REUSD is issued through Collateralized Debt Positions, meaning a user deposits yield-bearing stablecoin collateral and mints REUSD against it; repaying that debt returns the collateral. The protocol is part of the Ethereum ecosystem and sets its borrow rate as the greater of half the lending rate earned by the collateral, half a defined risk-free rate, or two percent, which is intended to keep borrowing costs structurally below the yield the collateral earns. Emissions — the protocol's token rewards — are distributed among an insurance pool, voting incentives, and borrowers in proportion to the revenue each borrower generates for the protocol.

The protocol's fee income comes from the spread between what the underlying collateral earns on external lending markets and what borrowers are charged to mint REUSD, with the borrow rate always set below the collateral's lending rate by design. The stored metrics do not include a specific fee-rate or revenue figure, so no precise dollar amount of protocol revenue can be stated here. Circulating supply stands at 52,181,849.01 REUSD on a point-in-time basis, and supply grew 10.874403 percent over the last 30 days, which provides context for the scale of borrowing activity but not the fee dollars generated from it.