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 | -0.09% | -5.20% | -10.07% | 6.95m |