Usual-issued USD0++ Depreciates from Peg to $0.9566

BlockBeats News, January 10th, according to market data, the USD0++ issued by Usual has unpegged from 1 USD to 0.9566 USD. Currently, in the USD0/USD0++ pool on Curve, USD0++ accounts for 90.75%.

It is reported that USD0++ is fully backed by USD0, and USD0 is 100% collateralized by U.S. Treasury bonds. USD0++ serves as an LST, similar to a "4-year bond," with its principal guaranteed 1:1 in USD0 and income distributed through USUAL token rewards.

USD0++ provides flexible dual pathways for users requiring instant liquidity while offering full returns for long-term participants: the conditional exit is a 1:1 redemption, requiring forfeiture of a portion of accrued returns. The unconditional exit is through a base price redemption, currently set at 0.87:1, gradually approaching 1 USD over time.