USDu

USDu is a yield-bearing stablecoin issued by Unitas Labs that is designed to maintain a value of one U.S. dollar and pass through returns generated by its backing assets to holders. It is intended for KYC-verified institutions and individuals who want dollar-denominated settlement without holding dollars directly. The project addresses the problem of holding idle stablecoin balances by deploying the backing collateral into short-duration U.S. Treasury instruments.

Each USDu token is issued under the SPL token standard on the Solana blockchain and is also present in the BNB Chain ecosystem. The collateral — cash and short-duration U.S. Treasury instruments — is held with regulated custodians, and on-chain proof-of-reserves data allows any observer to verify that backing in real time. Minting and redemption are restricted to KYC-verified counterparties, while already-circulating tokens can move freely across wallets, exchanges, and DeFi applications.

The data stored for USDu does not include a fee revenue stream, so fee-based measures such as protocol earnings or fee yield are not available on this site. The yield mechanism derives from the Treasury instruments backing the token, but how that yield is distributed — whether to token holders, the issuer, or both — is not specified in the available data. The 30-day stablecoin supply change stands at 0.003002 over the last 30 days, reflecting a very modest shift in the amount of supply tracked by this site's stablecoin-specific series, which records 57,620.67 units in that category as a point-in-time figure.