USDU Finance

USDU Finance issues USDU, a USD-pegged, non-yielding, non-algorithmic stablecoin on Ethereum, collateralized by protocol-held DeFi adapter positions.

USDU is minted solely by the protocol through DAO-approved adapters whose positions (Curve LP, TermMax fixed-term lending, Morpho credit allocations) back the supply; holders redeem USDU to USDC via a Curve pool.

USDU Finance is an Ethereum stablecoin protocol whose open-source core contracts are maintained by Wryt Labs and which is governed by the USDU Finance DAO (Aragon). Backers and legal jurisdiction are not disclosed.