Palm USD mints PUSD against reserves held in Saudi Riyal (SAR) and UAE Dirham (AED) — both hard-pegged to the U.S. dollar — and earns treasury yield on the underlying reserves.

Palm USD (PUSD) is a USD-pegged stablecoin backed by reserves in Saudi Riyal (SAR) and UAE Dirham (AED), both currencies hard-pegged to the USD. The project positions itself as Shariah-compliant payment and settlement infrastructure for enterprises, financial institutions, and sovereign entities involved in cross-border treasury operations.

Palm USD is a Shariah-compliant institutional-grade digital dollar issuer, marketed to enterprises, financial institutions, and sovereign entities in the GCC and broader cross-border treasury market.