USD.AI

USD.AI, represented by the token CHIP, is a decentralized finance application positioned as a stablecoin issuer operating across several blockchain ecosystems including Solana, Arbitrum, Ethereum, and Base. It claims to address the challenge of creating and managing stablecoins in a decentralized way, targeting users who want to hold or use dollar-pegged assets without relying on centralized issuers. The project has backing from YZi Labs and has been distributed through Binance HODLer Airdrops.

USD.AI functions as a stablecoin issuance protocol, meaning it creates mechanisms for users to mint and redeem dollar-pegged tokens on-chain across multiple networks. CHIP is the native token of this system, and the protocol holds total value locked of 262,807,161.17 USD at the point this data was recorded, representing the collateral or liquidity supporting its stablecoin operations. No consensus algorithm is stored for this asset, as it is an application layer protocol rather than a base-layer blockchain.

The protocol generated fees of 4,488,839 USD over the trailing 30 days and 26,803,526 USD over the trailing 12 months, with those fees coming from activity within its stablecoin issuance and related functions. The protocol's take rate over the trailing 30 days was approximately 10 percent, meaning it retained roughly one dollar in ten of fees as revenue, which came to 448,884 USD over that same 30-day period and 7,475,350.09 USD over the trailing 12 months. Supply-side revenue, the portion flowing to liquidity providers or other protocol participants rather than the treasury, was 4,039,955 USD over the trailing 30 days. Both fees and revenue declined by approximately 7.2 to 7.3 percent over the last 30 days.