USD0
Usual USD
Usual's permissionless RWA-backed stablecoin, redeemable 1:1 from a portfolio of tokenised T-bills and overnight repo.
USD0 distributes RWA yield to USD0++ holders (a locked, yield-bearing version) plus governance-token recipients. Live since 2024, growing rapidly via Pendle / Curve liquidity.
See on StableLens
/stablecoins/USD0 — live data, risk grade, and methodology citation.
Related terms
- RWA (real-world assets)Tokenised off-chain assets — Treasuries, money-market funds, credit pools, real estate — used as on-chain collateral or yield products.
- T-bill (US Treasury bill)A short-duration (≤ 1 year) US government debt instrument — the primary reserve asset for major fiat-backed stables.
- USD0++The locked, yield-bearing version of [[usd0]] — receives RWA yield in exchange for a 4-year lock.