Stablecoin information
An overcollateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR.
Category:crypto-backed
Minting and Redemption
USR is minted by depositing liquid assets, such as USDC or USDT, on 1:1 value basis. When USR is redeemed, a user receives a 1:1 equivalent to the notional amount.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | >-0.0001% | -0.39% | -0.14% | 4.12m | ||
| 100% | <0.0001% | +0.07% | -0.53% | 1.92m | ||
| 100% | +0.00% | +0.00% | +3.22% | 28,138.19 | ||
| 100% | +0.00% | +1.00% | +0.83% | 23,378.39 | ||
| 100% | +0.04% | +0.04% | +0.04% | 1,121.4 | ||
| 100% | +0.12% | +0.12% | +0.12% | 242.3 |