Protocol Information
ipUSD is a USD stablecoin on Soneium minted 1:1 against USDSC and USDC.e through the IPUSDWrapper. sIPUSD is its yield-bearing version, backed by the IP Vault's reserve assets, including tokenized Partners Group royalties fund shares (PGIP+).
Methodology
TVL: ipUSD reserves (USDSC and USDC.e held by the IPUSDWrapper contract) plus the reserve assets backing sIPUSD, the yield-bearing version of ipUSD (PGIP+ held by the IP Vault contract). ipUSD held inside the IP Vault is excluded to avoid counting the same reserves twice.View code on GitHubCompetitors
ipUSD history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 10, 2026 to Nov 10, 2026.
All-time high TVL: $626,148 on Nov 10, 2026. All-time low TVL: $626,148 on Nov 10, 2026.
Daily TVL, Nov 10, 2026 to Nov 10, 2026
| Date | TVL |
|---|---|
| Nov 10, 2026 | $626,148 |
TVL at each month end, Nov 2026 to Nov 2026
| Date | TVL |
|---|---|
| Nov 10, 2026 (latest) | $626,148 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/ipusd
Frequently asked questions
What is ipUSD's TVL?
As of Nov 10, 2026, ipUSD has $626,148 in total value locked.
What chains does ipUSD operate on?
ipUSD operates on Soneium. Soneium holds the largest share at 100%.
How does ipUSD's TVL compare to similar protocols?
Among Stablecoin Wrapper protocols tracked by DefiLlama, ipUSD ranks #6 by TVL. The category holds $220.67m across 8 protocols, and ipUSD accounts for 0.3% of that total. Similar protocols include Startale USD, Saturn, USDCx, USDR, XGLD, USX.Capital, and Rotera.