Usual USD

Usual USD, ticker USD0, is a US-dollar stablecoin designed to hold a value of one dollar and to give users access to a stable digital asset that does not depend on a commercial bank holding their funds. It is issued by the Usual protocol and is aimed at people who want to participate in decentralised finance while avoiding the price swings associated with other crypto assets. The project claims to address the concern that popular stablecoins like USDT and USDC expose holders to counterparty risk inside the traditional banking system.

Each USD0 token is stated to be backed one-for-one by real-world assets, specifically US Treasury Bills, meaning the reserves are intended to match the circulating supply at all times without fractional backing. The token operates across several blockchains, including Ethereum, Arbitrum, Base, and BNB Chain, so it can move between different DeFi applications on those networks. No consensus algorithm is recorded for this asset, which is consistent with its nature as a token rather than a base-layer blockchain.

The data provided does not include a fee revenue stream for USD0 itself; as a stablecoin, the token's role is to maintain price stability rather than to generate protocol fees that flow to holders. The circulating stablecoin supply stands at approximately 549,744,410 USD0 at the point of measurement, and that supply has changed by roughly negative 0.51 percent over the preceding 30 days. Because there is no fee stream recorded in this dataset, fee-based measures that this site might calculate for other assets are not applicable here.