Analytics
Track Usual Protocol’s performance, collateral composition, token metrics, and DeFi activity using the platforms and dashboards below.
RWA.xyz
RWA.xyz provides real-time visibility into USD0’s collateral composition and Real-World Asset (RWA) backing. Use this dashboard to verify:
Total collateral value backing USD0 (real time)
Collateral composition breakdown, including Hashnote USYC, eUSD0 (Euler USL), USUALM, and other accepted assets
RWA provider diversification across institutional tokenizers
On-chain reserve verification — collateral is on-chain and auditable by anyone at any time
USD0 is fully backed by tokenized US Treasury Bills and repurchase agreements, with collateral verifiable on-chain rather than via periodic attestations. RWA.xyz is the primary third-party tool for independent verification of this backing.
Dune Analytics
The community-maintained Dune dashboard provides comprehensive on-chain analytics for the Usual Protocol ecosystem:
https://dune.com/9992d/usual
Key metrics include:
USD0 supply and minting/redemption activity across Ethereum, Arbitrum, Base, and BNB Chain
bUSD0 (formerly USD0++) bond metrics — total locked TVL, maturity profile, and secondary market pricing
USUAL token distribution and circulating supply — daily emissions (~1.35M USUAL/day post-disinflation), cumulative distributions, and bucket-level breakdowns (USUALx, bTOKEN, LP rewards, DAO/Foundation, insiders)
USUALx staking data — total staked, exchange rate appreciation, unstaking activity, and Revenue Switch distributions
Liquidity depth and trading volumes across Curve, Uniswap, and other DEXs
Revenue Switch epoch data — weekly USD0 distributions to locked USUALx stakers
Collateral provider flows — direct and indirect minting volumes through the DaoCollateral and SwapperEngine contracts
DeFi Llama
DeFi Llama tracks USD0 in the broader stablecoin landscape, including:
USD0 market capitalization and supply trends over time
Chain-by-chain distribution — USD0 is deployed on Ethereum (primary), Arbitrum, Base, and BNB Chain
Stablecoin market share ranking — Usual has achieved a position in the Top 15 among stablecoins and is recognized as the leading EU stablecoin
TVL comparisons with other stablecoin protocols
Historical peg performance — USD0 maintains its $1 peg through full collateral backing, arbitrage mechanisms, and the Counter Bank Run Mechanism
CoinGecko
CoinGecko provides market data for USD0 and the USUAL governance token:
Live price, trading volume, and market capitalization for USD0 and USUAL
Exchange listings — USUAL is available on Binance, Kraken, OKX, and other major exchanges
Historical price charts for USD0 (peg tracking) and USUAL (governance token performance)
Supply metrics — total supply capped at 3.0 billion USUAL (revised from 4.0B following the November 2025 disinflation governance vote)
Key Contract Addresses for On-Chain Verification
If you prefer to verify protocol metrics directly on-chain, the core Ethereum contracts are listed below:
USD0
0x73A15FeD60Bf67631dC6cd7Bc5B6e8da8190aCF5
bUSD0
0x35D8949372D46B7a3D5A56006AE77B215fc69bC0
USUAL
0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E
USUALx
0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8E
DaoCollateral
0xde6e1F680C4816446C8D515989E2358636A38b04
SwapperEngine
0xB969B0d14F7682bAF37ba7c364b351B830a812B2
Distribution
0x75cC0C0DDD2Ccafe6EC415bE686267588011E36A
All collateral backing USD0 is held on-chain and verifiable in real time—no reliance on periodic attestations or trust in third-party attestors is required.
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