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USST — Utility Stable (The Stablecoin)

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