Coins with a dollar floor.
Launch a coin that trades in dollars. Its fees buy Treasuries, and the yield is paid to whoever holds it.
Where the money goes
Same fee, same five steps, for every coin. Nothing is held by a person, and every number here is live.
Every buy and sell on the USDC curve pays a 30 bps creator fee to the coin's own wallet.
Each coin has its own creator wallet, so its fees are never mixed with anyone else's.
Claims every coin's fees in one signature each and batches them into a single USDY buy.
Short-dated US Treasuries and bank deposits, tokenized. It grows by price, not by rebasing.
Yield above each coin's cost is sold to USDC and 80% goes to its holders, by bag size.
How the reserve rate is measured
USDY grows by its price, so the rate is fitted to a year of daily prices. The dashed line is the fit.
A month of interest at ~4% is about the size of USDY's day-to-day price noise, so a short window measures nothing. A year of interest beats the noise. If the fit's r² falls under 0.35 we show a reference rate and say so.
A tokenized note backed by short-dated US Treasuries and bank deposits.
What sits behind every coin
Trading fees stop being somebody's revenue. They become Treasuries, held for the people holding the coin.
30 bps of every buy and sell goes to the coin's own wallet, fixed at launch. From the first trade, part of the volume is headed for Treasuries.
The curve takes USDC and pays USDC. Price, market cap and reserve are all in plain dollars, so SOL's moves never show up in your chart.
USDY's price rises every day as the bills behind it pay interest. The reserve compounds on its own, with no staking and no claiming.
Each coin's share is tracked to the micro-dollar. When its yield is harvested, holders are paid in USDC by bag size, straight to their wallet.