Usual USD USD0
Rank #109 by market capStablecoin
Stablecoin
Designed to hold a fixed value, usually one US dollar. Market cap here measures how much has been issued, not what anyone thinks it is worth.
Last 7 days
CM Profile: Usual USD
Cryptominium Profile. What we have established, measured and written about USD0, and what we have not.
- Established
- 4 contracts are matched to this coin: on Arbitrum, Base, BNB Chain and Ethereum.
- Its kind: stablecoin.
- Measured
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
- Not established
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold USD0. How each part is worked out
What changed
Week to 15 October- Price unchanged since 8 October.
- 24-hour volume $1.0M, 5.1× its 30-day median.
From our own measurements only, each against the month before. We do not say why a price moves. How this is worked out · Every coin this week
What Usual USD is
USD0 is a stablecoin issued by Usual, backed 1:1 by real-world assets such as US Treasury Bills. It is designed to function as a stable, transferable unit within DeFi that does not rely on traditional banking rails, positioned as an alternative to stablecoins like USDT and USDC.
The peg is maintained through reserves held in real-world instruments rather than fiat deposits or crypto collateral. Usual describes these reserves as held non-fractionally and tracked in real time, with USD0 serving as the core stability asset of the Usual system. The token is deployed across multiple chains, including Ethereum, Arbitrum, Base, and BNB Chain.
What this means in practice is narrower than it sounds. Backing by Treasury Bills ties USD0's stability to the solvency and operational integrity of whatever entity custodies those assets and to its ability to honor redemptions — a different risk profile from fiat-collateralized stablecoins, not an absence of risk. "Real-time reserves" and "non-fractional" are claims made by the issuer in its own description; nothing here constitutes an independent audit or attestation of reserve composition. CoinGecko's classification confirms USD0 as a fiat-backed USD stablecoin present on several chains, but multi-chain deployment says nothing about depth of liquidity or redemption capacity on any one of them. As with any asset pegged to a reference value, the peg itself is a design target, not a guarantee.
What Usual USD can do
USD0 is created and redeemed one for one against tokenized real-world assets from providers including Hashnote and Superstate. Usual's docs say institutions deposit that collateral directly, and other users go through intermediaries. It holds for as long as that collateral does.
Source: Usual docs: mint and redeem · checked 2 October 2026
What a coin can do is not a reason to buy it or to sell it. Each answer names its source and the day we read it; where we could not source one, the row is left out. How these are written · Every coin we have written up
Where USD0 lives
On Ethereum, Base and BNB Chain, GoPlus's analysis of each contract is read weekly: whether it has a function to block addresses or pause transfers, and whether an owner holds it. That is GoPlus's reading, not ours. Where a token exists on several chains, one copy's settings say nothing about the original coin.
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
Usual USD data synced 5m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell USD0.