Usual USD

Usual USD, ticker USD0, is a US dollar stablecoin designed to maintain a value of one US dollar at all times. It is intended for people who want to hold or move dollar-denominated value inside decentralised finance applications without relying on a traditional bank account. The project claims to address the counterparty risk present in bank-backed stablecoins by anchoring every unit to short-term US government debt rather than commercial bank deposits.

Each USD0 token is backed one-to-one by Real-World Assets, specifically US Treasury Bills, meaning the issuer is meant to hold a dollar of Treasury exposure for every token in circulation. The token exists across several networks simultaneously, including Ethereum, Arbitrum, Base, and BNB Chain, making it transferable within those ecosystems. No consensus algorithm or block time is relevant to USD0 itself, as it is a token issued on top of existing blockchains rather than a native chain asset.

The data provided does not include a fee revenue figure or a protocol fee stream for USD0, so fee-based measures common on this site are not applicable here. The economic model of a Treasury-backed stablecoin typically means any yield generated by the underlying government securities accrues somewhere within the issuing protocol rather than to token holders directly, but no such figures appear in the stored data. The circulating stablecoin supply stood at approximately 541,445,185 USD0 at the point of measurement, and that supply decreased by roughly 0.99 percent over the preceding 30 days.