Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
USD0 is a stablecoin fully backed 1:1 by Real-World Assets (RWA) like US Treasury Bills, providing a stable, secure asset independent of traditional banking systems.
Usual is a decentralized protocol that issues USD0, a fiat-backed stablecoin collateralized by Real-World Assets (RWAs). It combines the security of real assets with the composability and liquidity of DeFi, while putting ownership and governance back into users' hands through the $USUAL token.
Every dollar in the system builds real, shared rewards, with 90% of value going back to users. Usual turns users into owners, creating a new, equitable approach to stablecoins and token-based finance.
USD0 aggregates various US Treasury Bill tokens, providing a secure, bankruptcy-remote solution unlinked to traditional bank deposits. It's fully transferable and accessible within the DeFi ecosystem.
Fully backed 1:1 by Real-World Assets like US Treasury Bills
90% of value goes back to users through the $USUAL token
Secure solution unlinked to traditional bank deposits
Requires caution from a Shariah perspective
USD0 is considered grey from a Shariah perspective for two main reasons:
Muslims should exercise caution when considering USD0. While it offers innovative features, the lack of transparency about its reserves raises Shariah concerns.
| Reserve Assets | Real-World Assets |
|---|---|
| Yield Source | N/A |
| Launched | 2023 |
| Company | Up Only Co (France) |
Registered in France
Usual USD's legitimacy is supported by Up Only Co, a registered company in France (SIREN: 919 540 427) with a VAT number and compliance with website operation regulations. The project prioritizes security and risk mitigation through in-depth audits of its smart contracts, conducted by leading industry experts.
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