Plume
  • Introduction
    • Overview
  • Official Tokens
    • PLUME ($PLUME) Token
    • Plume USD (pUSD)
  • Plume Security
    • AML Screening
    • Compliance at Plume
    • Audits and Security
  • Developers
    • Plume Testnet
    • Smart Contracts
    • How-to Guides
      • How to Connect to Testnet
        • Install and Configure Wallet
        • Claim test tokens
      • How to Deploy Smart Contracts
        • Deploy using Remix IDE
        • Deploy using Foundry
        • Deploy using Hardhat
      • How to Verify Smart Contracts
        • Verify using Foundry
        • Verify using Hardhat
      • How to Run a Node
    • Plume vs. Ethereum
    • Gas and Fees
    • Finality
  • Community and Support
    • Community Channels
    • Brand Assets
    • Terms of Service
    • Privacy Policy
  • MORE
    • Glossary
    • FAQ
Powered by GitBook
On this page
  • Overview
  • Composition
  • Stability
  • Risk Management
  • How to mint pUSD
  • Compliance
  • Smart Contracts
  • About Minting and Burning Plume USD
  • Planned update: Earn with Plume USD
  • Integrate Plume USD
  • Brand assets
  1. Official Tokens

Plume USD (pUSD)

The RWAfi stablecoin to use to get real-world yield across the Plume ecosystem.

Overview

Plume USD is the premier stablecoin of the Plume ecosystem, designed to support seamless financial operations within Real World Asset Finance (RWAfi). Fully backed and deeply liquid, Plume USD plays a critical role in enabling secure payments, efficient trading, and robust collateralization across onchain apps on Plume.

If your organization is used to holding, minting, and deploying USDC, you will be clear to hold, mint, and deploy pUSD. While pUSD is the canonical stablecoin of the Plume ecosystem, used as the unit of account and collateral across DeFi protocols and applications, it is for all intents and purposes a simple way to reduce onboarding friction during capital deployment. It is 1:1 tied to USDC as it is a wrapper for it.

Chains Supported: Native minting and redemption on both Ethereum and Plume.

Composition

Plume USD maintains a 1:1 peg with the US dollar, backed by a reserve of the world’s most trusted stablecoins. This ensures deep liquidity, robust price stability, and unparalleled user confidence.

All pUSD minted must be backed by USDC deposited into a BoringVault.

Users can deposit USDC (or USDT) to mint pUSD; redemption is guaranteed at 1:1 in USDC.

Backing Assets: pUSD is backed 1:1 by USDC.

Conversion Logic: Nucleus, an onchain asset rebalancing system, dynamically manages the vaults and ensures there’s sufficient liquidity in USDC.

No Fees: Minting and redemption incur no protocol fees.

Stability

pUSD is completely stable, as it is based on USDC.

Stability Design: No algorithmic mechanism. Simply a fully collateralized wrapper.

No Native Yield: pUSD is not yield-bearing in its base form. Future staking wrappers are under design but explicitly opt-in and will not impact pUSD backing.

Risk Management

Collateral Risk: Full reliance on the solvency and liquidity of USDC. No overcollateralization, but immediate 1:1 convertibility.

Depeg Mitigation: Underlying treasury vault manager (Nucleus) rebalances to ensure users can redeem at a fair market price.

Oracle Dependency: The oracle source is permissionless and validated onchain to protect against manipulation.

How to mint pUSD

  • Connect your wallet

  • Enter your amount and Approve

  • Transfer

You now have minted pUSD in your wallet ready to explore the many DeFi use cases powered by Real World Assets on Plume.

Compliance

Legal Structure: pUSD is minted using the vault contract deployed by Nucleus. The underlying USDC is issued by Circle. No direct custodianship of fiat; pUSD simply wraps USDC with transparent, onchain backing.

Regulatory: pUSD is a non-interest-bearing tokenized wrapper on USDC. No fiat conversion or custody occurs within Plume.

Smart Contracts

  • Audits:

About Minting and Burning Plume USD

Minting and managing Plume USD will be seamless and intuitive:

  1. Bridge and Mint: Move assets from Ethereum or other networks and mint Plume USD on Plume.

  2. Supports USDC and USDT: Deposit popular stablecoins to mint Plume USD.

  3. Swap Back: Convert Plume USD back into the stablecoins you deposited, whenever you need.

Planned update: Earn with Plume USD

Integrate Plume USD

Technical documentation and APIs to integrate Plume USD into your RWAfi apps on Plume will be made accessible at launch.

Brand assets

PreviousPLUME ($PLUME) TokenNextAML Screening

Last updated 1 day ago

Go to

pUSD uses BoringVault smart contracts through . These are hardened with multiple rounds of audits by leading crypto security firms.

2024/03/20: (0xMacro)

2024/04/19: (Spearbit)

2024/04/22: (0xMacro)

2024/07/13: (Pashov)

2024/12/16: (Pashov)

In the near future, users with Plume USD will have exclusive access to yield-bearing opportunities. Follow Plume on its official and stay tuned for updates.

Browse our to download the token symbol.

https://pusd.plume.org/
Nucleus
BoringVault smart contracts audit
BoringVault smart contracts audit
BoringVault smart contracts audit follow-up
Nucleus cross-chain smart contracts audit
Nucleus integration with Hyperlane audit
community channels
Media Kit