Overview
dTRINITY USD (dUSD) is a decentralized, US Dollar-pegged stablecoin fully backed by on-chain collateral assets. The dUSD collateral reserve includes stablecoins like FRAX and USDC as well as yield-bearing assets such as sDAI and RWA (real-world asset) tokens. Each dUSD is backed by 1 USD worth of collateral and can be minted or redeemed permissionlessly through smart contracts. Initially deployed on Fraxtal in Q3 2024, dUSD will soon support multichain issuance with follow-on expansions to Ethereum and other L2/L3 ecosystems beginning in Q4.
dUSD aims to provide a secure on-chain store of value with unique benefits for its borrowers, lenders, and liquidity providers. By utilizing a diversified and non-custodial collateral reserve, dUSD can maintain stability and independence from the traditional banking system while providing 24/7 transparency to its users.
Benefits
dUSD is dTRINTY’s native stablecoin and unified liquidity layer, serving as the base pair for both dLEND and dSWAP. Unlike centralized stablecoins that do not externalize the float income from their reserves, dUSD prioritizes the dTRINITY community by sharing a majority of its float income as interest rate subsidies to stimulate growth and adoption of the protocol. This approach reinforces a community-centric model where the success of protocol translates directly into enhanced value for community members as both dTRINITY and dUSD continue to scale.