The USD Protocol

$100 trillion fiat chain running on proof-of-violence consensus

$100T
Total TVL
4.33%
Base APY
4,421
Validators
$10T
Daily Volume

Protocol Mechanics

Stake into Fed validators, farm treasury yields, and LP in the $10T+ daily liquidity pools

🏦

Validator Staking

4,421 bank validators secure $3.4T in reserves. Minimum stake: $250M

🌾

Yield Farming

Farm T-Bill yields at 4.33% base APY. Auto-compound every 4 weeks

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Liquidity Pools

LP in Fed Funds pools. $200B daily volume, 0.05% overnight fees

Flash Loans

Repo markets enable $4T daily flash loans. Collateral: T-Bills, MBS

USD Tokenomics

Mint, burn, and governance mechanisms of the world's largest stablecoin

$22T
Total Supply (M2)

Minting Mechanism

  • Fed mints via QE operations
  • Banks mint via fractional reserves
  • Treasury mints via bond auctions
2%
Target Inflation Rate

Supply Expansion

  • 2% annual supply growth target
  • Fed adjusts rates to control inflation
  • QT reduces money supply when needed
FOMC
Governance DAO

Governance

  • 12 voting members control rates
  • 8 meetings per year (epochs)
  • Dual mandate: stability & employment

DEX & AMM Infrastructure

NYSE, NASDAQ, and CME operate as permissioned DEXs with $100T annual volume

Equity DEXs

NYSECLOB
Daily Volume:$400B
Liquidity Providers:11 DMMs
Fee Tier:0.0011%
NASDAQPure AMM
Daily Volume:$300B
Market Makers:300+
Fee Tier:0.0008%

Derivatives DEXs

CMEPerps
Daily Volume:$150B
Open Interest:$450B
Leverage:Up to 50x
CBOEOptions
Daily Volume:40M contracts
IV Range:15-80%
Fee Tier:$0.40/contract
Settlement Layer

DTCC processes 2.3B transactions annually ($2.5 quadrillion notional) with T+2 settlement via NSCC netting

Cross-Chain Bridges

SWIFT, ACH, and Fedwire enable cross-chain transfers between 195 sovereign blockchains

Domestic Bridges

Low Latency
FedwireInstant
$4T daily • 700K txs • $5.7M avg
ACH Network1-2 days
30B txs/year • $77T volume • Batch processing
RTP NetworkReal-time
$100K limit • 24/7/365 • ISO 20022

International Bridges

High Security
SWIFT1-5 days
150M txs/day • 11,000 banks • 200 countries
CHIPSSame day
$1.8T daily • 400K txs • Dollar clearing
TARGET2Instant
€2T daily • Euro bridge • ECB operated
195
Sovereign Chains
$10T+
Daily Bridge Volume
0.1%
Bridge Fees
99.99%
Uptime