Issuer of USD0 (~$562M market cap). Backed by tokenized T-Bills. Built on M^0 protocol.
Overview
Ticker
USD0
Backing type
RWA-backed
Market cap
$800M+
Peg currency
USD
Issuer
Usual
Auditor
On-chain verifiable (audits by Spearbit)
Yield rate
~4-5% via USD0++ (staked variant, yield redistributed to holders)
Launch year
2024
Reserves
Real-world assets including short-term US Treasuries via Hashnote and others
Supported Chains
Ethereum
Regulatory
MiCA compliant
No
Jurisdiction
Decentralized (France-based team)
Features
Programmable✓
Rebaseable—
Permissioned—
Cross-chain—
DeFi integrated✓
Institutional grade—
Use Cases
RWA-backed savingsYield redistribution to token holdersDeFi collateralDecentralized T-bill access