USD Somnia
Daily peg and supply history is drawn as an interactive chart (needs JavaScript).
About USD Somnia
Reserve yield usually leaves the chain that hosts a stablecoin and lands with the issuer; USDso routes it back instead. Native to the Somnia network and issued by Frax, the token runs on Frax's GENIUS-compatible frxUSD infrastructure, minting one-for-one against collateral such as USDC and standing on short-term US Treasuries. What sets it apart is where the interest goes: ninety percent of reserve yield is sent to approved Somnia DeFi protocols and ten percent to an insurance fund, turning the stablecoin into a subsidy for the applications that use it. Redemption and reserve management run through Frax's institutional rails. Aimed at high-frequency trading and onchain settlement on a fast layer-1, USDso is less a standalone dollar than a piece of financial plumbing meant to bootstrap liquidity across the Somnia network.
- Issuer
- Frax
- Backing
- US Treasuries (frxUSD)
- Network
- Somnia
Reserves & rights
- Peg
- USD
- Mechanism
- Fiat
- Networks
- 1
- Issuer
- Frax Inc.
- Holder gets
- Redeemable 1:1 for fiat with the issuer by any retail holder (reserve-backed).
- Regulatory framework
- US GENIUS-aligned (frxUSD)
Networks & contracts
| Network | Contract |
|---|---|
| Somnia | 0x0000…008a |