Nest
nUSDsnUSDNEST

Where stocks become
stable dollars

nUSD is backed by tokenized equities and USDC. Stake into snUSD to earn variable protocol revenue.

Open appHow it works
Powered by proven infrastructureSOLANAxStocks

A stable dollar backed by stocks. Nest lets you deposit tokenized equities, mint nUSD, and earn protocol revenue through staking - all while your collateral remains on-chain and transparent.

Three ways to use nUSD

Hold

Stable dollars backed by tokenized equities and USDC.

Target peg$1.00
Learn more ↗

How nUSD works

01

Real stocks back every nUSD

Depositing approved tokenized equities mints nUSD. That collateral remains on chain, fully visible, under the protocol's collateral and liquidation rules.

02

The protocol earns while they back

Borrowers pay stability fees. Protocol reserves earn base stablecoin yield once realized. That revenue flows to snUSD holders through the staking share price.

03

You stake, you earn

Swap USDC for nUSD, then stake into snUSD. When revenue is harvested, the snUSD redemption value grows. Cooldown is set by the staking program.

Backed by what you'd buy anyway

Tokenized equity collateral and USDC reserves, verifiable on chain.

Total TVL
$—
Backed reserves across three sources
PSM USDC reserves$——
Stocks collateral$——
Meteora nUSD pools$——
nUSD circulating$—Supply minted against backing
snUSD target APR—Yield paid to stakers
$NEST
FDV—
Market cap—
$NEST pool TVL—

Compared to other stable dollars

nUSDUSDC
Backed byTokenized US equities + USDCUS Treasuries
Yield to holderTarget APR via snUSD stakingIssuer retained
PSM exit1:1 when idle USDC is available1:1 with issuer
IssuerPermissionless protocolCircle Inc
Backing transparencyLive on chainMonthly attestation
nUSDUSDC

Backed by

Tokenized US equities + USDCUS Treasuries

Yield to holder

Target APR via snUSD stakingIssuer retained

PSM exit

1:1 when idle USDC is available1:1 with issuer

Issuer

Permissionless protocolCircle Inc

Backing transparency

Live on chainMonthly attestation