Unitas

A synthetic dollar that never touches a bank, USDu holds its peg through hedging rather than cash reserves. It comes from the Unitas project, whose broader aim is to mint stablecoins tracking emerging-market currencies backed by pooled USD stablecoins, easing the dollar shortages that businesses in those regions face. USDu itself is the crypto-native anchor of that system: stability is engineered by pairing spot crypto holdings with offsetting short derivative positions, a delta-neutral structure meant to stay near a dollar without relying on fiat in a bank account. Staked, it passes through yield generated by those positions. Direct issuance and redemption run at the institutional level rather than an open retail window, and the token circulates on BNB Chain and Solana. It sits in the newer camp of hedged synthetic dollars that trade reserve simplicity for capital efficiency.