sUSDz, issued by the Anzen Protocol smart contracts under the governance of $ANZ tokenholders, is a tokenized yield-bearing instrument that accrues real-world-asset staking rewards to holders who stake USDz, an RWA-backed onchain U.S. dollar (USD) token [S1][S2].

Holders receive economic exposure to a diversified portfolio of U.S.-based private credit assets underwritten and serviced by Percent, a US-licensed broker-dealer [S3][S4]. USDz itself does not generate yield; staking USDz produces sUSDz, whose value accrues through a rising sUSDz-USDz exchange rate as RWA credit rewards auto-compound [S1][S2]. Effective APY varies with the staked-to-unstaked ratio; the documentation cites an example of approximately 75% APY at a 15% rewards rate with 20M staked of 100M [S2]. Withdrawals incur only standard blockchain gas fees [S2].

USDz is not issued by a single corporate entity; Anzen presents itself as a decentralized platform operating through smart contracts on public blockchains, and the documentation disclaims that USDz is an investment product or a registered security and that it is not a deposit [S1][S5]. The risk disclosures characterize USDz as an unsecured credit position to both the issuer and the underlying bank holding the collateral assets, and holders are disclaimed any claim on collateral [S4][S5]. Direct onchain mint and redeem are reserved for whitelisted institutional parties from permitted jurisdictions who pass KYC and KYB screening; the United States, Russia, Iran, and other jurisdictions are excluded [S6][S3][S2].

USDz and sUSDz use LayerZero's Omnichain Fungible Token (OFT) standard, with native deployments on Ethereum mainnet, Arbitrum, Base, Blast, and Manta [S1][S7]. Staking occurs on Ethereum mainnet, and sUSDz is bridged to Base [S2]. Pricing is published via onchain oracles on Base, including a sUSDz-USDz exchange-rate oracle referencing Chainlink, with reserves verifiable on a transparency dashboard [S6][S7].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://anzen.finance" },
    { id: "S2", url: "https://docs.anzen.finance/welcome-to-anzen/faq" },
    { id: "S3", url: "https://docs.anzen.finance/usdz-101/overview" },
    { id: "S4", url: "https://docs.anzen.finance/usdz-101/risks" },
    { id: "S5", url: "https://docs.anzen.finance/llms-full.txt" },
    { id: "S6", url: "https://docs.anzen.finance/usdz-101/transparency" },
    { id: "S7", url: "https://docs.anzen.finance/developer-resources/smart-contracts.md" },
  ]}
/>


# Asset transfer count methodology

## 1. Overview

Asset transfer count is defined as the number of user transactions that move assets between addresses. It is utilized to reflect how frequently assets are used for payments, trading, or other onchain activity. The metric is calculated daily for each tracked asset across all supported blockchains. By aggregating these transfer events, a comprehensive view of onchain utility and transactional velocity is provided.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token transfers
- **Other blockchain events**: Token transfers, withdrawals, and mint events across non-EVM chains (Solana, Aptos, Near, Polkadot Asset Hub, Stellar, and others)
- **Asset metadata**: Token addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract and count raw transfer events

- **Purpose**: Identify and count individual token transfer events on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, ERC-20 token transfers are parsed and counted. On Solana, SPL token transfers are parsed and counted. On Aptos, Near, and Ripple, token transfers and withdrawals are parsed and counted. On Stellar, classic token withdrawals and Soroban token transfers are aggregated. On Sui, token withdrawals and token mint events are aggregated. On Cardano, UTXO withdrawals and token mint events are aggregated. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed.
- **Key fields**: `token_address`: The unique identifier of the token contract or asset. `block_timestamp`: The timestamp of the transaction block.

### Component B: Daily aggregation and zero-filling

- **Purpose**: Aggregate the daily transfer counts per asset and ensure continuous time-series data.
- **Logic**: The extracted transfer counts are aggregated daily for each token address on its respective chain. For days where no transfer activity is recorded for a tracked asset, the time series is filled with zero values to ensure a continuous daily record.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The daily count of transfers per token on a specific chain.

### Component C: Final aggregation

- **Purpose**: Combine the daily transfer counts across all supported chains for each asset.
- **Logic**: The daily transfer counts from all individual chains are combined. Token addresses are mapped to unique asset identifiers using asset metadata. The final daily asset transfer count is then aggregated across all chains for each asset.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The total aggregated daily transfer count for the asset.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Number of transfer transactions involving the asset.

Asset transfer count

Tokenized funds

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Stablecoin issuers

Anzen

Anzen Staked USDz (sUSDz) is a tokenized fund share issued by Anzen.

The fund is open-ended and invests in U.S. private credit.

Retail investors can subscribe and redeem in USDz and instant subscription settlement, and holders have a right to redeem at net asset value with two-to-five-business-day settlement.

sUSDz has been issued on public blockchains since May 2024 and is native to Ethereum, Base, Blast, and Arbitrum One.

Anzen Staked USDzsUSDz