USP Yield Optimized Stablecoin
USP #1001 DANGER
This coin has triggered a critical safety failure. Do not buy, swap, or interact with this token.
The USP token is a yield-optimized stablecoin designed to blend the stability of traditional stablecoins with yield-generating asset growth. It is governed by PikuDAO and is initially backed by USD Stables at a ratio of 1:1, ensuring a stable launch value of $1.00 USD. The governance model allows for the diversification of its backing through a variety of on-chain and off-chain assets that produce yield.
As additional assets create yield, the underlying value of USP can increase beyond its initial peg, reflecting these earnings within the token’s value. The architecture of the ecosystem aims to provide a transparent and efficient yield generation mechanism. This positions USP as a savings tool within the Piku ecosystem.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
WARNING: USP Yield Optimized Stablecoin has triggered a critical safety failure—it's currently depegged and trading materially above its intended $1 peg (about $1.093). A stablecoin that breaks its peg can indicate loss of backing, impaired redemption, or broken liquidity mechanisms, which is an urgent red flag for holders.
On peg stability: On-chain and market pricing indicate the token is no longer behaving like a stablecoin and has deviated from its target value. For depegged stablecoins, exchanges may widen spreads, redemption pathways may fail, and holders can face delayed or partial conversions when liquidity stress hits.
On operational integrity: Depegging often coincides with failures in reserve management, oracle pricing, or redemption/withdrawal processes. Even if trading continues, the practical risk is that backing cannot reliably support $1 redemptions, exposing users to continued volatility and potential losses.
On liquidity and user impact: When a stablecoin loses its peg, market makers may reduce support and swap routes can become less efficient. This increases the chance of unfavorable fills, sudden price swings, and difficulty exiting positions during periods of heightened stress.
Avoid USP Yield Optimized Stablecoin entirely until it demonstrably regains and maintains its peg with reliable redemption and transparent backing. If you already hold it, prioritize risk containment and do not assume the “stablecoin” label guarantees stability.
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Platypus Finance, the project behind the USP stablecoin, was attacked on February 16, 2023, resulting in a loss of approximately $8.5 million worth of assets. The attack caused a significant decline in the price of $USP, depegging it from its intended $1 value. The attacker minted 40 million USP tokens using 44 million Platypus LP-USDC tokens as collateral. The team has recovered approximately $2.4 million USDC from the attack contract. ([certik.com](https://www.certik.com/blog/platypus-finance-incident-analysis?utm_source=openai))
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hack 2023-02-16 · $8500000Platypus Finance, the project behind the USP stablecoin, was attacked on February 16, 2023, resulting in a loss of approximately $8.5 million worth of assets. The attack caused a significant decline in the price of $USP, depegging it from its intended $1 value. The attacker minted 40 million USP tokens using 44 million Platypus LP-USDC tokens as collateral. The team has recovered approximately $2.4 million USDC from the attack contract. ([certik.com](https://www.certik.com/blog/platypus-finance-incident-analysis?utm_source=openai)) ↗
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CertiK · 2023-03-10
- ✓The project is governed by PikuDAO, indicating a decentralized decision-making process.
- ✓The USP token is initially fully backed by USD stables at a 1:1 ratio, providing stability.
- ✗Stablecoin has depegged from its target
- ✗The project has been evaluated on isthiscoinascam.com and received a low score, indicating elevated scam risk based on the available data. ([isthiscoinascam.com](https://isthiscoinascam.com/answers/is-usp-yield-optimized-stablecoin-a-scam?utm_source=openai))
- ✗The USP stablecoin experienced a significant depegging event in February 2023, losing its $1 value due to a major security incident. ([certik.com](https://www.certik.com/blog/platypus-finance-incident-analysis?utm_source=openai))
Price Chart
Contract Security
0x098697ba3fee4ea76…On-Chain Facts
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0xbbbbbbbbbb9cc5e90…40.19% -
0x5dd95e0dbbe426969…30.55% -
0x9b813bd1cdba42eb8…9.74% -
0x2ea5d4a8870932761…7.73% -
0xf5145335540c41169…3.08% -
0x39b8042963b646136…2.80% -
0x135a5c5f76beaf0c9…1.82% -
0x6f0970a341733718b…1.01% -
0x000000000004444c5…0.77% -
0x678aff196d55d1d24…0.46%
USP Yield Optimized Stablecoin Exchanges
Top 2 by trust scoreMarket Stats
Recent News
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