Anzen USDz

Where most stablecoins sit on Treasuries, Anzen's USDz leans on private credit: its reserves are a portfolio of institutional-grade, asset-backed credit securities underwritten with Percent, a US-licensed broker-dealer. That credit income funds the yield, which holders capture by staking USDz for sUSDz rather than earning it passively. The token started on Ethereum and now moves natively to Base, Manta and Blast through LayerZero. On redemption, USDz follows the institutional pattern: approved partners mint and redeem against the underlying, while ordinary holders enter and exit on the open market. Backing a dollar with private credit trades the near-riskless profile of T-bill collateral for higher potential return and real credit and liquidity risk, since private loans can sour and are far harder to sell in a hurry than government paper. That trade-off, more than any technical trick, defines what a USDz holder is actually taking on.