Stablecoin Information
An overcollateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR.
Category:crypto-backed
Minting and Redemption
USR is minted by depositing liquid assets, such as USDC or USDT, on 1:1 value basis. When USR is redeemed, a user receives a 1:1 equivalent to the notional amount.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.04% | -0.03% | -0.09% | 4.11m | ||
| 100% | -0.01% | -0.03% | -0.16% | 1.95m | ||
| 100% | +5.80% | +5.80% | +24.88% | 29,088.68 | ||
| 100% | +0.45% | +0.45% | +4.10% | 25,371.45 | ||
| 100% | +0.01% | +0.01% | +0.01% | 1,113.09 | ||
| 100% | +0.12% | +0.12% | +0.12% | 242.3 |