USP, issued by Piku Finance Limited, is a yield-bearing stablecoin token whose reserves are initially backed one-to-one by a U.S. dollar stablecoin and progressively allocated into diversified yield strategies under decentralized governance. [S1][S2]

USP tracks a managed yield strategy rather than a single instrument. Reserves are initially backed one-to-one by USD Coin (USDC), then allocated by PikuDAO into delta-neutral arbitrage, carry trades, onchain DeFi yield, and real-world assets. [S1][S3] USP is non-rebasing and price-appreciating; generated yield is added to reserves, raising USP's redemption value above its initial 1.00 U.S. dollar (USD) level, recorded at 1.079403 USD as of March 24, 2026. [S1][S2] Minting bears a 0% fee and redemption a 0.2% fee, both returned to backing. [S4]

Piku Finance Limited, incorporated in the British Virgin Islands, publishes the terms governed by British Virgin Islands law, with disputes subject to the courts of Istanbul, Türkiye. [S5][S2] The holder's claim is a contractual right personal to the tokenholder; USP is not a security, deposit, or government-backed instrument, and is not deposit-insured. [S5][S2] During Phase 1, only non-U.S. individuals and businesses completing KYC and KYB verification may mint or redeem, excluding the United States, Cuba, North Korea, Iran, and specified Ukrainian regions. [S5][S1] The platform provides no custody; tokenholders retain control of their assets, and legal title to reserves rests with the platform. [S6][S2]

USP is issued onchain on Ethereum, with deployment implying an ERC-20 token. [S2][S6] Users mint instantly by depositing USDC at the current minting price, and redeem by burning USP for USDC through a T0 queue processed typically within 24 hours, subject to a 100 USP minimum. [S3][S4] Reserve backing is published onchain via disclosed backing wallets viewable on DeBank. [S6]

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://docs.piku.co/piku/resources/faq" },
    { id: "S2", url: "https://docs.piku.co/piku/llms-full.txt" },
    { id: "S3", url: "https://docs.piku.co/piku/piku/minting-and-redemption" },
    { id: "S4", url: "https://docs.piku.co/piku/piku-platform/platform-fees" },
    { id: "S5", url: "https://docs.piku.co/piku/terms-of-use" },
    { id: "S6", url: "https://docs.piku.co/piku/piku-platform/usp-backing-wallets" },
  ]}
/>


Tokenized funds

Piku operates through a DAO governance structure where community members participate in protocol decisions and development direction through token-based voting mechanisms. The project generates value through its suite of governance tools and infrastructure services, while revenue flows back to the community treasury to fund further development and ecosystem growth.

Piku develops decentralized applications and protocols that enable community governance and collaborative decision-making within the blockchain ecosystem. The project emphasizes creating user-friendly tools that make decentralized governance more accessible to broader audiences while maintaining the core principles of decentralization and transparency.

Piku is a decentralized autonomous organization (DAO) focused on building community-driven blockchain infrastructure and tools.

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Stablecoin issuers

Piku

USP Yield Optimized Stablecoin (USP) is a tokenized fund share issued by Piku through Piku Finance Limited and managed by Morini Capital.

Each token is a direct claim on the issuer.

The fund is open-ended, invests in multi-asset in emerging markets, and charges a 0% annual management fee.

Retail investors and institutions can mint and redeem directly with Piku in USDC and USDT after completing KYC, and holders have a right to redeem at net asset value with two-to-five-business-day settlement.

Piku Finance Limited is incorporated in the British Virgin Islands.

Holder terms are governed by the law of the British Virgin Islands, with disputes heard in Türkiye.

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

USP Yield Optimized StablecoinUSP

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