Bond USD0 (bUSD0) quarantined stablecoin record
Live tracking temporarily paused
Temporarily withheld because permitted runtime sources do not provide a positive circulating supply or market cap.
Effective 2026-07-15; review due 2026-08-15
Answer First
What is Bond USD0 (bUSD0)?
bUSD0 is Usual's bond-leg wrapper of USD0, splitting deposited USD0 into a fixed-notional bond token plus a separate early-exit right redeemable at maturity. The static profile records its USD0-denominated NAV accounting mechanism as: Depositing 1 USD0 mints 1 bUSD0 plus 1 rt-bUSD0 early-exit right; before June 11, 2028 par redemption requires both tokens, while bUSD0 alone redeems 1:1 for USD0 at maturity and may trade below par before then
Is bUSD0 safe?
Bond USD0 is not in Pharos's active universe. Temporarily withheld because permitted runtime sources do not provide a positive circulating supply or market cap.
Static Profile
Static stablecoin profile
Bond USD0 (bUSD0) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg USD0-denominated NAV.
Variant Relationship
Bond USD0 (bUSD0) is modeled as a bond variant of Usual USD (USD0). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Aug 11, 2026
bUSD0 is Usual's bond-leg wrapper of USD0, formerly USD0++, renamed under the UIP-12 redesign: a fixed-notional bond maturing June 11, 2028 that behaves like a discount instrument, not a spot dollar, before that date. Par redemption before maturity requires pairing bUSD0 with the separately tradeable rt-bUSD0 early-exit right, while standalone bUSD0 can trade below one dollar; yield arrives as daily USUAL token coupons rather than dollar NAV growth, so holders stack USD0 reserve quality, Usual DAO parameter risk...
AI summary · drafted by claude-fable-5 · facts as of Aug 11, 2026
Sources: Usual docs: bUSD0 fact sheet
- Collateral
- Locked USD0 bond position backed by the Usual USD0 reserve stack; bUSD0 is the fixed-notional bond leg formerly known as USD0++
- Peg Mechanism
- Depositing 1 USD0 mints 1 bUSD0 plus 1 rt-bUSD0 early-exit right; before June 11, 2028 par redemption requires both tokens, while bUSD0 alone redeems 1:1 for USD0 at maturity and may trade below par before then
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Aug 11, 2026.
bUSD0 quick answers
What is Bond USD0 (bUSD0)?
bUSD0 is Usual's bond-leg wrapper of USD0, splitting deposited USD0 into a fixed-notional bond token plus a separate early-exit right redeemable at maturity. The static profile records its USD0-denominated NAV accounting mechanism as: Depositing 1 USD0 mints 1 bUSD0 plus 1 rt-bUSD0 early-exit right; before June 11, 2028 par redemption requires both tokens, while bUSD0 alone redeems 1:1 for USD0 at maturity and may trade below par before then
Is bUSD0 safe?
Bond USD0 is not in Pharos's active universe. Temporarily withheld because permitted runtime sources do not provide a positive circulating supply or market cap.
What backs bUSD0?
Pharos classifies bUSD0 backing as Real-World Asset Backed. Collateral, per the static profile: Locked USD0 bond position backed by the Usual USD0 reserve stack; bUSD0 is the fixed-notional bond leg formerly known as USD0++ Reserve evidence: live reserve feed configured.
Can bUSD0 be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. bUSD0 is outside active monitoring; this static record preserves the reviewed control context.