Plume USD
Plume USD (pUSD) is a stablecoin native to the Plume Network ecosystem that is pegged 1:1 to the US dollar. It is designed to be fully collateralized and serves as a foundational component for financial operations within the specialized field of Real World Asset Finance (RWAfi). [1] [2]
Overview
Plume USD (pUSD) is the primary stablecoin of the Plume ecosystem. Its purpose is to facilitate secure payments, enable efficient trading, and provide a source of collateral for on-chain applications. The token is designed to function as a unified liquidity layer for all stablecoin activities on the Plume Network, acting as a gateway for users to access yield generated from real-world assets. [1] [3]
The stablecoin operates within the Plume Network, a full-stack, EVM-compatible Layer 2 blockchain built specifically for Real World Assets (RWAs). The network's mission is to simplify the processes of asset tokenization and on-chain integration for RWAs, allowing them to be distributed globally and integrated into decentralized finance (DeFi) protocols. As the canonical stablecoin, pUSD is intended to reduce onboarding friction for capital deployment into the ecosystem by providing a familiar user experience similar to established stablecoins.
pUSD is designed for deep integration and composability with the various RWAfi applications built on Plume. It provides a stable unit of account and medium of exchange for interacting with the tokenized real-world assets available on the network. [4][2][3]
Use Cases
- Nest: A permissionless protocol for earning yield from real-world assets.
- Rooster: A liquidity hub on the Plume network focused on RWAs.
- Royco: An "incentivized action market protocol."
- MultiChainz: An omnichain-based lending protocol with a focus on RWA collateral.
- Morpho: An on-chain lending network that has been extended to operate on Plume.
- Mystic Finance: A protocol for lending, borrowing, and utilizing RWA-powered lending strategies. [2]
Tokenomics
The token’s circulating and total supply each stand at 33,838,422 pUSD, with no predefined maximum supply. Its market capitalization is reported at approximately $33,823,329. The market capitalization to fully diluted valuation (FDV) ratio was 1.0, indicating that the entire supply of the token was in circulation. The infinite maximum supply is characteristic of stablecoins that can be minted or burned based on the demand and supply of collateral. [1]
Trading and Liquidity
pUSD is traded on decentralized exchanges (DEXs) within the Plume ecosystem.
The most popular exchange for trading pUSD is Rooster Protocol V2, with other notable venues including Curve (Plume) and Rooster Protocol. The most actively traded pair is PUSD/WPLUME, which accounted for $147,215 in 24-hour volume. [1]