Usual USD (USD0): D-Score 25/100 — Centralized Leaning BlockIndex D-Score: 25/100 (Centralized Leaning). Usual USD (USD0) is a Layer 1 cryptocurrency using PoS consensus. Usual USD (USD0): RWA-backed ERC-20 stablecoin with on-chain reserve transparency and governance via $USUAL. Source: https://blockindex.ai/coin/usd0 · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 25: Node distribution: 0: Initial distribution: 0: Governance: 15: Age and history: 5: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: PoS (N/A) - Launch: Other (2025) - Founder: Philippe Honigman; Jan Baeriswyl; Jacek Czarnecki; Paul; Estefa; Eli - VC funded: Yes - Max supply: N/A - Circulating: 560,056,654 Market data (as of 2026-06-19) - Price: $1 - Market cap: $559.81M - 24h volume: $240,655.41 - 24h change: +0.07% · 7d change: +0.09% About Usual USD (USD0) is an asset-backed, ERC-20 stablecoin issued on the Ethereum network that seeks to maintain parity with the US dollar through on-chain mechanisms and holdings of Real World Assets (RWAs), explicitly US Treasury Bills. The project positions itself as a transparent, institutionally-minded stablecoin with real-time reserve reporting and smart-contract-driven issuance and redemption mechanics. The team and founders—explicitly named in the provided materials as Philippe Honigman, Jan Baeriswyl, Jacek Czarnecki, Paul, Estefa, and Eli—have oriented the product toward both retail and institutional corridors, with a reported $7M funding round led by Kraken Ventures and IOSG Ventures supporting product development and go-to-market efforts. Technically, USD0 is implemented as an ERC-20 token on Ethereum (contract 0x73a15fed60bf67631dc6cd7bc5b6e8da8190acf5). As an Ethereum-native token it inherits Ethereum’s account model and PoS consensus characteristics; token-level parameters such as block timing or native chain TPS are therefore attributed to Ethereum rather than to USD0 itself. The project emphasizes a reserve model that prioritizes principal preservation through T‑Bills, accompanied by the promise of enhanced product structures (referred to in project materials as “enhanced T‑Bill” and “infinite upside”) that experiment with pooling or structuring RWAs to provide asymmetric upside alongside the peg. The token’s contract and DEX listings are visible on market aggregators, and onchain supply and holder metrics (circulating supply ~563.71M, holders ~124.33K) are reported in the scraped market snapshots. Usual USD’s use cases revolve around stable-value settlement, liquidity provisioning, and a custody-backed instrument that can serve both retail users seeking dollar-equivalent onchain liquidity and institutional actors who require transparent, G7-style short-duration treasury exposure. The presence of a governance token ($USUAL) described in project materials as the vehicle for redistributing governance and ownership suggests that governance participation—whether on-chain or hybrid—forms part of the long-term roadmap, though concrete onchain governance mechanisms, proposal frameworks, or voting contract addresses were not provided in the supplied files. Market-facing metrics show USD0 trading near parity (snapshot ~ $0.9975), with a market capitalization in the mid-hundreds of millions and typical 24h volumes consistent with a mid-market stablecoin. Tokenomics in the available materials are focused on reserve backing and circulation rather than inflationary issuance or mining rewards: no premine or ICO allocation details were provided in the sources (the extraction flagged premine as 0% and did not identify an ICO). The project’s monetary policy is therefore best described as asset-backed redemption and issuance tied to onchain reserve attestations and custodial management of T‑Bills. Several operational details remain missing in the supplied dataset—formal legal entity registration, full legal documentation for reserves, onchain governance contract specifics, and a public code repository—so further verification against primary sources (official website, GitHub, audited reserve reports) is recommended to validate the project’s reserve custody arrangements, governance implementation, and any token allocation schedules that could affect long-term decentralization and risk. Links - Website: https://usual.money/ - Whitepaper: https://docs.usual.money/ - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore