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USD Somnia

USDsoUSD-peggedFiat

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

Contract by network
NetworkContract
Somnia0x0000…008a