USD0
StablecoinsActive· EU

USD0

The stablecoin-treasury loop made literal. Every USD0 is a claim on tokenized treasuries. Simpler thesis than most, clearer backing than some.

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Brief

Usual Protocol stablecoin backed 1:1 by short-term US Treasury Bill tokens. ~$563M supply. Aggregates T-bill tokens from multiple RWA providers. Paired with USD0++ (yield-bearing) and bUSD0 (4-year locked liquid staking). Upcoming collateral additions: USYC, M0, USDtb, ONDO.

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Snapshot

Key terms and identifiers.

Asset classes
Treasuries
Token standards
erc-20
Jurisdiction
EU
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Connections

Who they build with, build on, integrate with.

Dependency

Where this player builds on, integrates, or relies on others.