Stablecoin on Solana
Hold nUSD, the dollar backed by real US equities. Stake into snUSD to earn 6% APY from the dividends those stocks pay.
nUSD is fully backed by a treasury of tokenized US equities and USDC reserves. Composition is verifiable on chain at any moment.
When someone mints nUSD, they deposit AAPL or NVDA or SPY into the protocol. Those equities sit on chain, fully visible, fully redeemable.
The treasury collects dividends from the underlying equities. That income flows to snUSD holders as yield. Real money from real businesses.
Anyone can swap USDC for nUSD, then stake into snUSD. The yield compounds. Unstake any time after a 7-day cooldown.
| nUSD | USDC | |
|---|---|---|
| Backed by | Tokenized US equities + USDC | US Treasuries |
| Yield to holder | 6% APY via snUSD | 0% |
| Redeemable 1:1 | Yes | Yes |
| Issuer | Permissionless protocol | Circle Inc |
| Backing transparency | Live on chain | Monthly attestation |
Every contract reviewed line by line by independent security firms before launch.
Read the report →A live dashboard of every position and the protocol's solvency, open to anyone.
Seeded at launch. Covers liquidation shortfalls automatically, before they reach you.
The Nest card. Spend against your equity at 1.5% APR.
Cost-basis and avoided-gains reporting for advisors.