Usual USD

Usual USD (USD0) is a stablecoin fully backed 1:1 by real-world assets such as US Treasury Bills. It aims to give users a stable, secure dollar-denominated asset that is independent of traditional banking systems, fully transferable and usable throughout DeFi. As the core stability asset of the Usual protocol, USD0 is built around transparency and verifiable reserves.

What is Usual USD?

USD0 is a fiat-value stablecoin that keeps each token pegged to one US dollar by holding real-world assets in reserve. Its purpose is to offer a reliable, non-fractional alternative to established stablecoins like USDT and USDC, while being anchored in short-term government debt rather than opaque commercial reserves. Because it is designed for DeFi, USD0 can circulate freely across multiple chains and applications.

How does Usual USD work?

USD0 is a token, not a blockchain, and it maintains its peg through full 1:1 backing by real-world assets, chiefly US Treasury Bills. The protocol emphasizes real-time, verifiable reserves so users can confirm the collateral behind the supply. Being non-fractional means every USD0 in circulation is intended to be matched by an equivalent value of safe, liquid assets, reducing the run-risk associated with under-collateralized designs. It operates across networks including Ethereum, Arbitrum, BNB Chain and Base.

Usual USD tokenomics and supply

USD0's supply expands and contracts with demand rather than following a fixed cap. Circulating and total supply both stand at about 553.3 million USD0, reflecting how much has been minted against reserves. As with any collateralized stablecoin, supply grows when users deposit assets to mint USD0 and shrinks when they redeem.

• Circulating supply: about 553.3 million USD0
• Total supply: matches circulating, about 553.3 million
• Backing: 1:1 real-world assets, primarily US Treasury Bills
• Target value: 1 USD; all-time high near $1.33, all-time low near $0.96

What is USD0 used for?

USD0 serves as on-chain dollars backed by government debt. It is used for stable value storage, trading pairs, lending, borrowing and payments across DeFi, and as the foundational stability asset of the Usual ecosystem. Its multi-chain presence makes it accessible for users who want dollar exposure without relying on the traditional banking system.

Where to buy Usual USD

USD0 can be obtained by minting within the Usual protocol and through decentralized and centralized venues that list it. See our best crypto exchanges ranking for reputable options, and hold USD0 in a self-custody wallet from our best crypto wallets guide. As always with stablecoins, verify the correct contract and network.

Is USD0 a good investment?

USD0 is engineered to stay at one dollar, so it is a stability and utility tool rather than a growth asset. Its risks include de-pegging, the safety and liquidity of its Treasury-Bill backing, smart-contract vulnerabilities and regulatory treatment of RWA stablecoins; its history shows it has traded both above and below the peg. This is educational information, not financial advice; understand the reserve model before relying on it.