Backing of xsUSD
How xsUSD is Backed
xsUSD is a multi-stable, omnichain synthetic dollar backed by a strategic selection of stablecoins on each chain. Rather than relying on a single stablecoin, xsUSD is designed to leverage the most liquid, widely used, and yield-efficient stablecoins available per blockchain.
By selecting the most trusted and deepest liquidity stablecoins on each network, xsUSD ensures:
Maximum Yield Opportunities – Backing stablecoins are actively rehypothecated into safe, interest-bearing DeFi protocols, optimizing returns.
Deepest Liquidity Per Chain – The most widely used stablecoins per network will serve as collateral, ensuring strong on-chain liquidity.
Trusted & Secure Reserves – Only proven and battle-tested stablecoins will be selected to minimize risk and maintain peg stability.
Omnichain Stability – Regardless of which stablecoin backs xsUSD on a specific chain, xsUSD itself maintains a unified peg, allowing for seamless movement across chains.
🛡 Stablecoin Selection Per Chain
xsUSD will be backed by different stablecoins on each supported chain, with final selections determined based on liquidity depth, trustworthiness, and yield potential.
📌 Stablecoin selection is still being finalized and will be announced before launch.
Chain
Backing Stablecoins (TBA)
Sonic Chain
TBA
Avalanche
TBA
Hyper Liquid
TBA
Each stablecoin chosen for backing will be optimized for liquidity and yield, ensuring xsUSD maintains strong value stability while maximizing capital efficiency.
📢 Why Multiple Stablecoins Per Chain?
Traditional stablecoin markets suffer from fragmentation, forcing users to pick between USDC, USDT, DAI, and others when using liquidity pools, lending markets, or DeFi protocols.
xsUSD unifies stablecoin liquidity across chains, eliminating the need to choose between individual stablecoins.
More stable backing reduces risk exposure compared to being backed by a single stablecoin.
Better capital efficiency allows xsUSD to seamlessly integrate into DeFi without stablecoin market inefficiencies.
Last updated