USDz is fully backed by the $1 dollar equivalent amount of SPCT which is locked in the USDz contract upon creation of new USDz.

Stablecoins

USDz is a multichain digital dollar backed by a diversified portfolio of private credit assets. A rigorously underwritten RWA portfolio insulates the protocol from crypto volatility and enables sustainable, consistent ecosystem rewards to promote the adoption of USDz

NAV Consulting

USDz is backed by SPCT (secured private credit token); private credit comprising the backing of SPCT are within bankruptcy remote SPVs, serviced by Percent.

Anzen

Anzen USDz

US Dollar

"Qualified Minters can swap USDz for SPCT on a 1:1 basis, and then SPCT can be redeemed for fiat, USDC, or in-kind securities from the underlying asset portfolio.

Any user may swap USDz on a 1:1 basis for undeployed USDC held by the USDz contract."

"USDz can be directly minted through deposit of SPCT (secured private credit token), by Qualified Minters (QMs). Direct minters must pass KYC/KYB/AML and be whitelisted. QMs can obtain SPCT by depositing USDC or fiat USD.

USDz can also be obtained by depositing USDC to swap for USDz on a 1:1 basis, facilliated by a Qualified Minter which can supply SPCT collateral."

Network	Token Standard	Token Supply	Circulating Supply Login to Unlock	Bridged Supply Login to Unlock	Holders Login to Unlock	Monthly Active Addresses Login to Unlock	Monthly Transfer Volume Login to Unlock	Monthly Transfer Count Login to Unlock	Contract Address Login to Unlock
Base	ERC-20	70,347,103.89 ▲	70,347,103.89 ▲	70,347,103.89 ▲	339 ▲	—	$0 △	0 △	0x04d...7f1938
Ethereum	ERC-20	16,191,606.52 ▼	16,191,606.52 ▼	16,191,606.52 ▼	413 ▲	115 ▼	$5,971,451 ▼	435 ▼	0xa46...a10067
Manta Pacific	ERC-20	—	—	—	—	—	—	—	—
Blast	ERC-20	—	—	—	—	—	—	—	0x520...46e8c6

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holder breakdowns