Fees
- Management fee
- 0%
- Performance fee
- 0%
- Subscription fee (USYC)
- 0%
- Redemption fee (USYC)
- 0.10%
- Fee structure
- All fees are going in USUAL Treasury
$USD0
USD0 is a fiat-backed stablecoin issued by Usual, offering real-time transparency and secured by short-term U.S. Treasury Bills. It aims to bridge traditional finance and decentralized finance, providing stable, reliable, and fully collateralized digital currency for the DeFi ecosystem.
Explore issuer purchase options or request access through RWA.xyz.
$539.64M
▼0.43%from 30d ago
$1.00
▲+0.03%from 30d ago
125,955
▼0.02%from 30d ago
$111.64M
▲+33.84%from 30d ago
706
▲+2.32%from 30d ago
Usual USD
Return Target
Not supplied yet.
Asset Class
Exposure
USD0 is a fiat-backed stablecoin issued by Usual, offering real-time transparency and secured by short-term U.S. Treasury Bills. It aims to bridge traditional finance and decentralized finance, providing stable, reliable, and fully collateralized digital currency for the DeFi ecosystem.
Liquidity
Direct Method: By depositing an USYC into the protocol to receive an equivalent amount of USD0 on a 1:1 basis. The user can redeem their USD0 at any time as long as they are whitelisted by Circle. They deposit USD0 and receive USYC in return. The redemption is done 1:1 in dollar modulo 10 bips of fees. The protocol takes the last price displayed by the Circle oracle to calculate the amount of USYC refunded. USD0 is equivalent to 1$.
Asset Manager
Usual
Usual (aka Usual Protocol) is a DeFi stablecoin platform behind USD0, a dollar-pegged coin backed by tokenized, short-term real-world assets; the ecosystem includes USD0++ and a USUAL governance token with a “revenue switch” that shares protocol fees with stakers. 
Management Team
Management team details have not been supplied yet.
Usual USD Metrics
Metric
Show % of Total
Subscriptions & Redemptions
- KYC required
- Yes
- Eligible Investors
- USYC—USDCNon-U.S. Investor, U.S. Investor
- KYC requirements
- "KYC/AML handle by Circle & USUAL on the primary market.KYC/KYB, geoblocking, risk-approache (screening wallet)"
- Subscription process · USYC
- Direct Method: By depositing an USYC into the protocol to receive an equivalent amount of USD0 on a 1:1 basis.
- Subscription process · USDC
- Indirect Method: By depositing USDC into the protocol to receive USD0 on a 1:1 basis. In this method, a third party known as the Collateral Provider (CP) supplies the necessary USYC collateral, enabling users to obtain USD0 without directly holding USYC.
- Minimum Redemption Amount
- USYC0 USYCUSDC—
- Redemption & notice requirements · USYC
- The user can redeem their USD0 at any time as long as they are whitelisted by Circle. They deposit USD0 and receive USYC in return. The redemption is done 1:1 in dollar modulo 10 bips of fees. The protocol takes the last price displayed by the Circle oracle to calculate the amount of USYC refunded. USD0 is equivalent to 1$.
Subscriptions
Redemptions
Collateral & Investor Protections
- Accounts segregated
- Yes
- Holdings bankruptcy remote
- Yes
- Account segregation details
- USD0 is 100% backed by the dollar value equivalent to the USYC held by the protocol. USD0 is only issued against the deposit of 1$ of USYC (at the daily value provided by the Hashnote administrator's fund oracle). 100% of USYC is segregated at the previously provided address. The DAO cannot use the funds, they are passively preserved.
- Bankruptcy protection details
- USD0 is not collateralized by commercial currency or exposed to a deposit account. Therefore, USD0 is not exposed to the fractional reserve of banks.USD0 is based on the regulated architecture of Hashnote structured in the form of a regulated MMF. Hashnote's assets are in custody at BNY ensuring to avoid any counterparty risk.
Legal Structure & Regulation
- Legal issuer
- Usual
- Tokenization Sponsorship
- Issuer-Sponsored
- Legal structure
- French S.A.S. Limited Liability Company
- Inception date
- 05/23/2024
- Denomination
- USD
Service Providers
- Custodian
- The Bank of New York Mellon Corporation0000813905
- KYC provider
- NAV Fund Services
Token & Networks
- Platform
- Tokenization type
- Transferability
- Transferable without restrictions
- Token supply
- 540,133,656.89▼
- Circulating supply
- 540,133,656.89▼
Blockchain Networks
Holders
All networks · changes vs. 30 days ago
Holding addresses
125,955▼−0.00%
Active (30D)
706▲+0.02%
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holder breakdowns
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Holders Product Screenshot
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