USP(USP)

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