Anzen USDz (USDZ) is a digital token issued by Anzen Finance, designed as a stablecoin backed by a portfolio of tokenized Real World Assets (RWA), specifically private credit assets. It aims to provide users with exposure to yields derived from real-world financial instruments within the decentralized finance (DeFi) ecosystem. ^{[1] [2]}

Overview

Anzen Finance positions USDz as an alternative to traditional fiat-backed stablecoins, differentiating itself by its backing in tokenized private credit. The platform facilitates access to these assets for qualified, KYC-compliant investors, emphasizing rigorous underwriting and the selection of assets with reliable revenue streams intended to maintain value independently of cryptocurrency market volatility. The project's goal is to integrate sustainable, exogenous yield from real-world assets into the DeFi space. The team behind Anzen Finance consists of professionals with backgrounds in credit investment, holding experience from institutions such as Blackrock, UBS, Goldman Sachs, and JP Morgan, and have been exploring methods to bring credit assets on-chain since 2018.

Users can interact with USDz within the DeFi ecosystem. By staking USDz, users can obtain sUSDz, which provides opportunities to earn rewards. This mechanism is intended to allow USDz holders to potentially earn yield and diversify their exposure away from the price fluctuations typically associated with unbacked crypto assets. The platform supports utility across various DeFi protocols and blockchain networks. ^{[1] [2] [11]}

Technology

USDz is backed by a diversified portfolio of private credit assets. These assets are tokenized and integrated into the Anzen platform. The process involves careful underwriting and securing of these cash-flowing assets, with participation limited to qualified, KYC-compliant investors. The selection criteria for these assets focus on characteristics that suggest reliable revenue streams and value stability, even during periods of high volatility in the broader cryptocurrency markets. ^{[3] [4]}

The platform utilizes smart contracts for the issuance and management of USDz and its staked version, sUSDz. Staking USDz allows users to earn rewards, which are distributed based on the yield generated by the underlying RWA portfolio. The protocol is designed to operate across multiple blockchain networks, enhancing its accessibility and utility within the multi-chain DeFi landscape. Key technical components include smart contracts for token operations, oracles for data feeds, and security audits to ensure the integrity of the system. ^{[5] [6] [7] [8]}

Tokenomics

The native token of the Anzen Finance ecosystem is USDz. As a stablecoin, its design aims for price stability relative to the US dollar, although its value can fluctuate. The token has a circulating supply and total supply that reflect the amount of USDz currently issued and available. The maximum supply is coded as infinite, typical for stablecoins that can be minted or burned based on demand and collateralization. ^[9]

Key tokenomics data points include:

• Market Capitalization: The total market value of the circulating supply.
• Fully Diluted Valuation (FDV): The theoretical market cap if the total supply were in circulation, which equals the market cap given the current supply structure.
• 24 Hour Trading Volume: The aggregate trading volume across tracked exchanges in the last 24 hours.
• Circulating Supply: The number of tokens available and tradable in the market.
• Total Supply: The total number of tokens created minus any burned tokens.
• Max Supply: Infinite. ^[9]

USDz is deployed on multiple blockchain networks, including Ethereum, Base, and Blast, each with its own contract address. The token's price is tracked across various exchanges, primarily decentralized exchanges (DEXs), where it is traded against other cryptocurrencies and stablecoins like USDC and WETH. ^[9]

Use Cases

Anzen USDz is designed for various applications within the decentralized finance ecosystem. Its primary use case is as a stable store of value backed by real-world assets, offering a potential alternative to crypto-native stablecoins. Users can hold USDz to gain exposure to yields generated by the underlying private credit portfolio. ^[3]

Beyond holding, USDz can be actively used in DeFi protocols for:

• Trading: Swapping on decentralized exchanges against other cryptocurrencies and stablecoins.
• Liquidity Provision: Providing liquidity in trading pools on various DEXs to earn trading fees and other incentives.
• Lending and Borrowing: Utilizing USDz as collateral or borrowing asset on decentralized lending platforms.
• Yield Farming: Participating in yield farming strategies, including leveraged yield farming, by depositing USDz or USDz-paired liquidity tokens into yield optimization protocols.
• Options Trading: Using USDz in decentralized options trading protocols. ^{[2] [10]}

The token's presence on multiple chains and integrations with numerous protocols aim to provide broad utility and accessibility for DeFi users seeking RWA-backed stablecoin exposure. ^[2]

Ecosystem and Partnerships

Anzen Finance has established integrations and partnerships across a wide range of protocols and blockchain networks to expand the utility and reach of USDz. The ecosystem includes various categories of participants within the DeFi space. ^[2]

Key categories and examples of integrated partners include:

• DEX (Decentralized Exchanges): Platforms where USDz can be traded, such as Aerodrome, Uniswap, Thruster, PancakeSwap, Baseswap, Camelot, Gull, Odos, and Galaxy Exchange.
• DeFi (Decentralized Finance Protocols): Protocols offering various financial services using USDz, including Beefy Finance (yield automation), Extra Finance (leveraged yield farming), Ondo (financial infrastructure), Superform (onchain finance marketplace), Hyperlock (yield boosting), Silo (lending), Ionic (lending/borrowing), and Krav (options trading).
• Chain (Blockchain Networks): Networks where USDz is deployed or integrated, including Base, Movement Labs, Arbitrum, Plume, Berachain, Blast, Manta Network, and Gudchain.
• Infrastructure: Providers of underlying services supporting the ecosystem, such as Circle (stablecoin issuer, infrastructure), Dynamic (multi-chain tools), Chainlink (oracles), Axelar (interoperability), and LayerZero (interoperability).
• Wallet: Wallets supporting USDz, such as Coinbase Wallet.
• Security: Firms providing security audits and services, including Zellic, Halborn, and PeckShield.
• Lending: Protocols focused on lending and borrowing, like Silo, Ionic, and Magnify Cash.
• NFT: Integration with NFT projects like Pudgy Penguins, suggesting potential future use cases or collaborations. ^[2]

These integrations aim to provide expansive utility for USDz across over 50 DeFi protocols and chains, facilitating trading, yield generation, and other financial activities. ^[2]

Team

The Anzen Finance team is composed of individuals with experience in credit investment. Their collective background includes over a decade of joint lending experience, with team members having previously worked at financial institutions such as Blackrock, UBS, Goldman Sachs, and JP Morgan. The team has been researching and developing mechanisms to integrate credit assets into the blockchain space since 2018. ^[1]

Legal Issues

The Anzen Finance website and associated content include disclaimers regarding access and usage. The content is not intended for individuals residing in or accessing the website from Restricted Jurisdictions, which include the United States, jurisdictions where cryptocurrency is prohibited, or countries subject to United States OFAC Sanctions. Accessing the website from such locations or on behalf of restricted persons requires immediate discontinuation of use. ^[2]

The information provided does not constitute an offer to sell or a solicitation of an offer to buy securities, nor is it a recommendation to invest in any securities or engage in financial or legal transactions. The content is provided "as is" without warranties regarding accuracy, reliability, or completeness. Users accessing or using the website agree to indemnify and hold harmless the operator and affiliates from claims, liabilities, losses, or damages resulting from violation of the disclaimer or applicable laws. ^[2]