Usual USD(USD0)

Overview

USD0 is a stablecoin issued by the Usual protocol, designed to hold its value through 1:1 backing by real-world assets (RWA) such as short-term US Treasury bills. The issuer states that it does not operate on a fractional-reserve basis and publishes reserve data in real time to support transparency.

USD0 serves as the core settlement and collateral asset of the Usual ecosystem, is freely transferable on-chain including on Ethereum, and is used across various DeFi protocols. Compared with stablecoins such as USDT and USDC, which rely heavily on bank deposits, USD0 emphasizes a Treasury-based collateral structure.