PUSD, issued by Palm USD, is a U.S. dollar (USD) pegged stablecoin that represents a fully reserved digital dollar marketed for institutional cross-border treasury settlement, maintained at a 1:1 peg to the USD [S1][S2].

Each PUSD targets a stable value of $1.0000 and is pegged 1:1 to the U.S. dollar (USD) [S2]. Reserves are stated to be held at a coverage ratio of at least 1:1 in UAE Dirham (AED) denominated Shariah-compliant instruments, so the USD peg depends on the AED's own USD peg [S1][S3][S4]. The issuer passes through no yield, NAV accrual, rebasing, or coupon; holders hold a peg-tracking instrument only [S1][S2].

Palm USD presents the token under the Palm USD brand, with the team hubbed in Dubai and Riyadh and treasury anchored in the UAE [S3]. Its regulatory framework is under review, and the product is aligned with UAE Federal Law No. 45 of 2021 and GDPR for EU applicants [S3][S5]. PUSD is described as a fully reserved digital dollar [S1][S2]. Mint and redeem are institutional-only and KYB-gated, with onboarding in 5 to 7 business days and OTC sizes from $100,000, while secondary onchain transfers are open [S5][S6]. Tokens are issued only after fiat is received and redeemed at par [S5][S2].

PUSD is natively minted with 6-decimal contracts on Ethereum (ERC-20), BNB Chain (BEP-20), Solana (SPL), TRON (TRC-20), and ADI Chain, with no freeze, blacklist, or admin key [S1][S3][S7]. Reserve attestations follow ISAE 3000 (Revised), performed monthly by a licensed CPA and published within 10 business days of period end [S4][S7]. A signed status feed updates every 30 seconds [S1].

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    { id: "S1", url: "https://www.palmusd.com/pages/networks.html" },
    { id: "S2", url: "https://www.palmusd.com/pages/dashboard.html" },
    { id: "S3", url: "https://www.palmusd.com/pages/about.html" },
    { id: "S4", url: "https://www.palmusd.com/pages/developers.html" },
    { id: "S5", url: "https://www.palmusd.com/pages/press.html" },
    { id: "S6", url: "https://www.palmusd.com/contact" },
    { id: "S7", url: "https://www.palmusd.com/pages/developers.html" },
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# 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

Stablecoins

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.

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Stablecoin issuers

Palm USD

Palm USD (PUSD) is a U.S. dollar stablecoin issued by Palm USD.

Institutions can mint and redeem directly with Palm USD in AED and USD after completing KYC.

PUSD has been issued on Ethereum as an ERC-20 token since September 2025.

Palm USDPUSD