Definition | A fully collateralized stablecoin pegged 1:1 to the US Dollar, minted from tokenized RWAs like T-bills and IIAs. |
Standard | ERC-20 + ERC-4626 (Vault Standard), with built-in whitelist and blacklist for compliance and governance-based control. |
Collateralization | Backed by overcollateralized tokenized debt instruments. Haircut models are applied based on credit spreads and maturity profiles to manage downside risk. |
Utility | Used for on-chain payments, swaps, liquidity provisioning, lending, and as a base currency across DeFi. Can also be staked in LAMP for additional USPi rewards. |
Peg Stability | Maintains a tight $1 peg through LAMP, protocol arbitrage incentives, and dynamic USPi reward issuance. The system introduces both a price floor and ceiling. |
Redemption | USP can be used (alongside USI) to redeem the underlying asset upon maturity or for coupon payments. In scenarios of volatility, the system uses arbitrage logic. |
Compliance | Whitelist/blacklist features allow for institution-grade usage and regulatory compatibility, enforced via transparent on-chain governance. |
Market Dynamics | Demand driven by minters, trading desks, SPVs and DAS firms using USP for redemption, coupon repayment, or utility liquidity — reinforcing demand during cycles. |