Hylo USD(HYUSD)Onchain Marketcap$17.51m
Onchain Marketcap by chain
Solana$17.51m
Key Metrics
Active Marketcap$17.51m
Solana$17.51m
$0
HYUSD Price$1
Chains1
Token Properties
CategoryNon-RWA Stablecoins
Asset ClassSynthetic Stable
TypeAsset
RWA ClassificationRWA
Access ModelPermissionless
Parent PlatformHylo
Classification
RedeemableIndicates whether the token can be redeemed for underlying assets
TransferableIndicates whether the token can be transferred freely between on chain addresses
Self CustodyIndicates whether the token can be held in a user controlled wallet
AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing
Asset Information
Notes
- hyUSD is Hylo’s decentralized stablecoin on Solana. It targets a $1 peg through protocol mint/redeem mechanics for $1 worth of system collateral and risk controls, rather than through offchain cash reserves. The system is paired with xSOL (a leveraged SOL exposure token) and uses internal stability controls. if collateral ratios deteriorate, hyUSD can become exposed to SOL volatility and may depeg. Key risks include collateral/hedge design risk, smart-contract risk, and liquidity risk.
Chains
Solana
Primary