Stablecoin Information
The USP token is classified as a yield-optimized stablecoin that uniquely combines the stability of a traditional stablecoin with the growth potential of yield-generating assets. Governed by PikuDAO.
Category:crypto-backed
Minting and Redemption
Verified users can mint USP by depositing supported assets (initially USD-denominated stablecoins), with instant execution and a 0% minting fee at launch. When redeeming, USP is burned and returned as USD stablecoins via a T0 + queue process, with redemptions processed within 24 hours. A 0.2% redemption fee is added back to USP reserves to support long-term stability..
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.02% | +0.17% | -33.36% | 4.59m |