USD0 is a decentralized stablecoin fully backed by tokenized US Treasury Bills. Revenue from Treasuries is redistributed to USUAL token stakers. Features USD0++ for yield-bearing deposits.
Market Cap
$570.8M
Peg Deviation
+0.336%
Regulatory Grade
B
Regulatory Score
61/100
Issuer & Reserve Details
Issuer
Usual Protocol
Issuer Type
Algorithmic Protocol
Treasury Transparency
On-Chain
Backing Type
RWA (Real World Assets)
Reserve CompositionBacked by short-term US Treasury bills via tokenized T-Bill products (Hashnote USYC, Ondo USDY, etc.). Revenue redistributed to USUAL token stakers.
Peg MechanismRedeemable for underlying T-Bill value. Yield from Treasury interest passed to USD0++ stakers.
Regulatory Scorecard
Reserve CompositionNear-compliant reserve assets
Compliant17/20
Audit & TransparencyReal-Time (On-Chain) audits by Spearbit
Partial15/20
Redemption RightsCrypto-only redemption
Partial11/15
Issuer LicensingForeign jurisdiction
Non-Compliant6/15
Consumer ProtectionPays yield (GENIUS Act risk)
Non-Compliant4/15
CLARITY ClassificationRWA yield token — may not qualify as payment stablecoin
Partial8/15
Reserve Assets
Tokenized T-Bills (RWA)
Audit Frequency
Real-Time (On-Chain) by Spearbit
Redemption
≤2 Business Days
License
Foreign Regulated
France
Classification
Yield-Bearing RWA
Backing Ratio
100% (Segregated)
Top Yields for USD0
Source: DeFiLlama
| Platform | Chain | Type | Yield Source | APY | TVL | Safety | Links |
|---|---|---|---|---|---|---|---|
 more-markets |  Flow | DeFi | Unknown | 4.10% | $175,005 | CCC · 47 Risk score 47/ 100 CCC — Risky confidence 29% Smart Contract· low conf50 No audit data available Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit25 TVL < $1M (very small) Counterparty· low conf50 Protocol "more-markets" not in v1.0 permissionless list — neutral default Chain· low conf50 Chain slug "flow" not in v1.0 lookup table Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf42 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer | |
 usual-usd0 |  Ethereum | DeFi | Unknown | 4.10% | $519,223 | B · 50 Risk score 50/ 100 B — Moderate confidence 32% Smart Contract· low conf50 No audit data available Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit25 TVL < $1M (very small) Counterparty· low conf50 Protocol "usual-usd0" not in v1.0 permissionless list — neutral default Chain95 Chain "ethereum" base score 95 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf42 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer | |
usual-usd0 | Ethereum | DeFi | Unknown | 3.70% | $506.8M | B · 56 Risk score 56/ 100 B — Moderate confidence 32% Smart Contract· low conf50 No audit data available Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit75 TVL ≥ $100M ($507M) Counterparty· low conf50 Protocol "usual-usd0" not in v1.0 permissionless list — neutral default Chain95 Chain "ethereum" base score 95 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf50 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer | |
usual-usd0 | Ethereum | DeFi | Unknown | 3.67% | $583,315 | B · 50 Risk score 50/ 100 B — Moderate confidence 32% Smart Contract· low conf50 No audit data available Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit25 TVL < $1M (very small) Counterparty· low conf50 Protocol "usual-usd0" not in v1.0 permissionless list — neutral default Chain95 Chain "ethereum" base score 95 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf42 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer | |
 euler-v2 Audited | Ethereum | DeFi | Unknown | 0.91% | $12.0M | B · 57 Risk score 57/ 100 B — Moderate confidence 39% Smart Contract68 3 audit(s); recent (≤18mo) found Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit55 TVL ≥ $5M Counterparty· low conf55 Protocol "euler-v2" not in v1.0 permissionless list — neutral default Chain95 Chain "ethereum" base score 95 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf50 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer | |
 uniswap-v3 Multiple Audits | Ethereum | DeFi | LP Fees | 0.08% | $3.8M | B · 56 Risk score 56/ 100 B — Moderate confidence 39% Smart Contract68 2 audit(s); recent (≤18mo) found Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit45 TVL ≥ $1M (small) Counterparty· low conf55 Protocol "uniswap-v3" not in v1.0 permissionless list — neutral default Chain95 Chain "ethereum" base score 95 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf42 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer | |
uniswap-v3 Multiple Audits | Ethereum | DeFi | LP Fees | 0.08% | $2.3M | B · 56 Risk score 56/ 100 B — Moderate confidence 39% Smart Contract68 2 audit(s); recent (≤18mo) found Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit45 TVL ≥ $1M (small) Counterparty· low conf55 Protocol "uniswap-v3" not in v1.0 permissionless list — neutral default Chain95 Chain "ethereum" base score 95 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf42 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer | |
 curve-dex Multiple Audits | Ethereum | DeFi | LP Fees | 0.01% | $3.8M | B · 56 Risk score 56/ 100 B — Moderate confidence 39% Smart Contract68 3 audit(s); recent (≤18mo) found Issuer / Asset· low conf50 No issuer-risk data on this pool Peg Stability· low conf50 No peg-history context provided Liquidity & Exit45 TVL ≥ $1M (small) Counterparty· low conf55 Protocol "curve-dex" not in v1.0 permissionless list — neutral default Chain95 Chain "ethereum" base score 95 (v1.0 lookup) Oracle & Bridge· low conf55 No oracle dependencies tracked Regulatory· low conf50 No issuer-risk data on this pool Sustainability· low conf50 No sustainability data Counter-Stress· low conf42 v1.0 proxy — proper stress-test engine in Phase 2 follow-up Model v1.0.0Higher = safer |
Audit & Attestation History
No audit records available
Disclaimer: Compliance scores are for informational purposes only and do not constitute financial or legal advice. Regulatory scores are based on the GENIUS Act (S.1582) and CLARITY Act (H.R.3633) frameworks using publicly available information. The GENIUS Act takes effect no later than January 18, 2027. Always conduct your own research.
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