Usual USD0 is a stablecoin from Usual backed one-to-one by a basket of real-world assets, primarily short-term US Treasuries and tokenized treasury funds held in bankruptcy-remote structures. The base token is redeemable and non-yielding, while a locked variant, USD0++, earns a boosted yield in exchange for a fixed term. USD0 scores 68/100 (Tier 2) on the RWTS Trust Score: a transparent RWA reserve, set against a redemption path the protocol can pause and price at its own discretion, and against a relatively short operating history and the complexity that the yield-bearing version introduces through its lock-up and token economics.
- Issuer / protocol
- Usual
- Backing
- Real-world assets (RWA collateral basket)
- Redemption / lock-up
- None (USD0++ has lock for boosted yield)
- Audit & proof of reserves
- Independently audited
- Availability
- Global
- Chain
- Ethereum
- Tier
- Tier 2 — Treasury & Fiat-Backed
- Contract
- 0x73A1…b3c1
Scored on the published RWTS methodology (v1.1), reviewed quarterly and on material events. Ratings are independent and never pay-influenced.
Calculations are indicative. Actual yields may vary.
Price data from CoinGecko. Not financial advice.
Current yield of 5.71% sits at 68% of the observed range. This is above the midpoint, indicating relatively attractive rates.
Projections assume constant APY of 5.71%. Actual returns may vary. Not financial advice.
Beyond USD0's own score, two structural questions matter: what is it built on, and what has broken before in this part of the market. A high score in isolation can still carry hidden, shared exposure.
What this and similar assets are built on, and where contagion could spread.
The depegs, defaults, and exploits that inform the Track Record dimension.
Liquidity read: TVL of $542.16M indicates healthy on-chain liquidity. Lock-up: None (USD0++ has lock for boosted yield).