US Permissionless Dollar
USPD

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$
%
Change 24h
Market Cap
$ ?
Volume 24h
$ ?
Total Supply
95,019
USPD
$
Description
USPD (US Permissionless Dollar) is a decentralized stablecoin protocol. Its purpose is to provide a stable, censorship-resistant digital dollar that is fully backed by on-chain collateral. Users mint USPD by depositing staked Ethereum (stETH) and in return receive a stablecoin that also earns a native, passive yield from the underlying staking rewards. The protocol's stability is maintained by a decentralized network of actors, ensuring it remains permissionless and aligned with the core principles of DeFi.